India’s industrial output, measured by the Index of Industrial Production (IIP), rose 3.1 per cent year-on-year in September, as against a contraction of 0.7 per cent in August, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Friday (November 11).
The IIP had grown 4.4 per cent in September 2021.
As per the government data, the output of the manufacturing sector soared 1.8 per cent in September 2022 as against an 4.3 per cent growth recorded in the year ago period.
Worth mentioning here is that the growth in IIP data during September is led by all the sectors. The mining sector, weighing approximately 14 per cent, rose by 4.6 per cent, and the electricity segment grew by 11.6 per cent, against a 0.9 per cent rise a year ago.
So far in this fiscal year 2021-22 (April-September), IIP rose 7 per cent, compared to the 23.8 per cent rise in the corresponding period a year ago
