India’s IIP rises marginally to 4.8% in July
Key sectors driving growth were manufacturing, up 4.6%, and electricity, which saw a 7.9% increase.
Key sectors driving growth were manufacturing, up 4.6%, and electricity, which saw a 7.9% increase.
The mining sector was the only major area to experience an increase, rising to 10.3% from 6.6% earlier
The headline inflation had moderated to an average of 5.5 per cent during April-December 2023 from 6.7% during 2022-23
With June inflation numbers out, the first quarter average retail inflation for 2023-24 stands at 4.6%, in line with RBI’s estimates
Index of Industrial Production (IIP) grew 1.1% in March.
CPI-based headline inflation falls to a one-year low; remains below the RBI’s upper threshold of 6% for the 2nd month in a row.
Retail inflation rose in both rural and urban areas. India's factory output saw a contraction of 0.8% in August 2022.
The manufacturing sector grew 3.2% in July, power generation rose 2.3%, while mining output contracted 3.3% during the month under review, the NSO data showed.
Except crude oil and natural gas, all other six industries recorded an expansion in July 2022.
The quick estimates for the index of industrial output stood at 135.1 for April 2022, compared to 126.1 seen during the corresponding month of last year.