India s industrial production increased by 2.4% annually in November, compared to an 11.7% increase in October, according to government figures released on Friday. As of November 2022, the index of industrial output (IIP) had increased by 7.6%.
All eight sectors of the index recorded a rise in October, with four of the eight sectors registering double-digit. Electricity production rose to its highest level of 20.3% in October, double the 9.9% growth witnessed in the previous month.
India s industrial production increased by 5.8% in September, following a 10.3% increase in August and 3.3% in the same month a year ago. The manufacturing sector s output grew by 4.5% in September 2023, while the mining sector s output increased by 11.5% YoY. Electricity output slowed to 9.9% in September from 11.6% in August.
India's consumer price inflation eased more than expected in August, data published by the National Statistical Office showed on Monday. Underpinned by robust growth in mining and electricity, industrial production growth accelerated more-than-expected in July.