The Index of Industrial Production (IIP) contracted 1.6 per cent for January 2021, according to the data released by the Ministry of Statistics and Programme Implementation (MoSPI).

The industrial output rose by 1 per cent in December 2020 and grew by 2 per cent in January 2020.

The manufacturing sector output contracted by 2.0 per cent in January, while the mining output declined by 3.7 per cent. Meanwhile, the power generation grew by 5.5 in January.