India’s industrial manufacturing expanded 3.8 per cent in January, in keeping with official knowledge launched on Tuesday. This progress is measured by way of the Index of Industrial Manufacturing (IIP), which noticed a 5.8 per cent enhance in January 2023. An official assertion introduced, “India’s Index of Industrial Manufacturing experiences a 3.8 per cent progress in January 2024.”
Based on figures from the Nationwide Statistical Workplace (NSO), the manufacturing sector confirmed a progress of three.2 per cent in January, a lower from the 4.5 per cent recorded in the identical interval final 12 months.
Mining manufacturing witnessed a 5.9 per cent enhance in January, whereas energy output surged by 5.6 per cent throughout the identical interval.
Over the interval from April 2023 to January 2024, the IIP expanded by 5.9 per cent, in comparison with a 5.5 per cent progress within the corresponding interval of the earlier 12 months.
For the month of January, the Index of Industrial Manufacturing with base 2011-12 stands at 153.0. The Indices of Industrial Manufacturing for the Mining, Manufacturing and Electrical energy sectors for the month of January 2024 stand at 144.1, 150.1, and 197.1 respectively. These Fast Estimates will endure revision in subsequent releases as per the revision coverage of IIP.
The eight core industries; coal, crude oil, pure gasoline, refinery merchandise, fertilisers, metal, cement, and electrical energy; make up round 40 per cent of the IIP.
ALSO READ | Retail Inflation In India Eases To five.09 Per Cent In February
