IIP for February Grows at 1.7% as Compared to Last Month of 1.5%

Current Context: Post Pandemic Situation has improved, therefore industrial production has shown a positive growth trend with a slight edge over the last month of January.

• The Index of Industrial Production covers 8 core sectors including Cement, Coal, Crude Oil, Fertilizer, Renewables, Electricity, Natural gas, and Steel. Sector growth is computed monthly and a cumulative result is shown.
• IIP has grown at 1.7% with a positive Philip of 0.2% over the last month. It is indicative of the fact that manufacturing is gathering pace.
• The growth is further bound to improve as there has been a timely devolution of funds under Performance Linked Incentives (PLI). The Govt also intends to move the base year from 2011-12 to 2017-18 to account for changes in the contemporary market.

Question:

Q.1 What is the growth rate of IIP for Feb 2022?
a. 1.5%
b. 1.7%
c. 4.5%
d. 4.3%