A slight respite for the economy, industrial production rose for the second month in a row

New Delhi, 12 December 2020, Saturday

There have also been reports of relief among the country's economy, which has been crippled by the Corona and lockdowns.

According to the data released on Friday, October saw the highest growth in industrial production in eight months. It was the second consecutive month that factory output in the country remained positive. However, October saw a significant increase in industrial production growth.

The growth in the electricity and manufacturing sectors is responsible for the growth. The electricity sector grew by 11.2 per cent and the manufacturing sector by 3.5 per cent. However, the mining sector grew by 1.5 per cent.

The Reserve Bank has said earlier that the country's economy has begun to recover. Growth could be seen in every sector in the third quarter.

Although there is no sign of recovery at present in terms of the overall economy, the relief package announced by the government has not had much of an impact. In terms of employment, 3.5 million people lost their jobs in November alone.