NEW DELHI: India’s industrial manufacturing progress elevated to a 16-month excessive of 11.7 per cent in October, primarily attributable to good present by manufacturing, mining and electrical energy sectors, in keeping with the official knowledge launched on Tuesday. “India’s IIP progress price rises to a 16-month excessive of 11.7 per cent in October 2023,” an official assertion mentioned.
Manufacturing unit output measured when it comes to the Index of Industrial Manufacturing (IIP) had contracted by 4.1 per cent in October 2022.
The info launched by the Nationwide Statistical Workplace (NSO) confirmed that the manufacturing sector’s output grew by 10.4 per cent in October 2023.
Mining manufacturing rose 13.1 per cent through the month beneath assessment.
Energy output rose 20.4 per cent.
The IIP grew by 6.9 per cent in April-October 2023 in comparison with 5.3 per cent progress a 12 months in the past.
Manufacturing unit output measured when it comes to the Index of Industrial Manufacturing (IIP) had contracted by 4.1 per cent in October 2022.
The info launched by the Nationwide Statistical Workplace (NSO) confirmed that the manufacturing sector’s output grew by 10.4 per cent in October 2023.
Mining manufacturing rose 13.1 per cent through the month beneath assessment.
Energy output rose 20.4 per cent.
The IIP grew by 6.9 per cent in April-October 2023 in comparison with 5.3 per cent progress a 12 months in the past.
