Blitz Bureau
NEW DELHI: India’s Index of Industrial Production (IIP) bounced back with an expansion of 3.1 per cent in September as against a contraction of 0.1 per cent in August, according to data released by the Ministry of Statistics on November 12.
The manufacturing output, which accounts for more than three – fourths of the index of industrial production (IIP), recorded a growth of 3.9 pc year-on-year. “Within the manufacturing sector, the top three positive contributors for the month of September 2024 are – ‘manufacture of coke and refined petroleum products’ (5.3 per cent), ‘manufacture of basic metals’ (2.5 per cent), and ‘manufacture of electrical equipment’ (18.7 per cent),” an official statement said.
Electricity generation grew 0.5 per cent during the month and mining activity increased by 0.2 per cent, the data showed. For the April-September period, the growth in industrial production now works out to 4 per cent, compared to a revised 6.2 per cent in the same period a year earlier.
