India’s industrial production
- India’s industrial production growth increased to a 16-month high level in October.
- In October, India’s industrial production growth increased to 11.7%.
- India’s industrial production growth had shown a contraction of 4.1% in the same period last year.
- According to the data released by the National Statistical Office (NSO), the output of the manufacturing sector grew by 10.4% in October 2023.
- At the same time, mining production increased by 13.1% during October 2023. Power sector output rose 20.4%.
- The IIP increased by 6.9% in April-October 2023 compared to 5.3% growth a year ago.
- Factory output is measured in terms of the Index of Industrial Production.
