The overall index rose to 146.7, compared to 142.3 in September 2023, showcasing a strong performance across several key industries, with manufacturing leading the way.
India's Index of Eight Core Industries (ICI) registered a growth of 2 per cent in September this year, compared to the same month last year, the Ministry of Commerce and Industry said on Wednesday.
The decline in the India's industrial production for August 2024 is mainly due to base effects and heavy rainfall, which impacted key sectors, highlighted a report by SBI.
The manufacturing and electricity sectors were significant drivers of this growth, with electricity posting a 7.9 per cent increase and manufacturing recording a 4.6 per cent rise. The mining sector also contributed, growing by 3.7 per cent in the same period.
Ahead of the official release of the first quarter GDP growth numbers for FY25 on August 30, a report by the Union Bank suggests the GDP rate to be moderated at around 6.7 per cent.
For June 2024, the Quick Estimates placed the IIP at 150.0, up from 143.9 in June 2023. This increase was largely driven by robust performances in key sectors. The mining sector, for instance, registered an index of 134.9, reflecting a substantial year-on-year growth rate of 10.3 per cent.
The Index of Industrial Production (IIP) increased by 5.9 per cent year-on-year in May, up from 5.0 per cent in April, reflecting a healthy surge in industrial activity.
India's Index of Industrial Production (IIP) for May stood at 5.9 per cent, up from 5.7 per cent for the same period a year ago, according to data released by the Ministry of Statistics and Programme Implementation on Friday.
India's Index of Industrial Production (IIP) for month of April stood at 5.0 per cent, up from 4.6 per cent a year ago in 2023, as per the data released by the Ministry of Statistics and Programme Implementation.
India's gross domestic product (GDP) surpassed all expectations and stood at 7.8 per cent in the January-March quarter. The full-year 2023-24 GDP has been revised upwards to 8.2 per cent from the second advance estimate of 7.6 per cent, according to data released on Friday by the Ministry
India's Index of Industrial Production (IIP) reduced to 4.9 per cent in March, it stood at 5.7 per cent in February, as per the data by the Ministry of Statistics & Programme Implementation.