India’s industrial production rebounds in Sep. ’24

India’s Index of Industrial Production (IIP) surged 3.1 per cent in September 2024, a significant rebound from the contraction of 0.1 per cent in August 2024, as per data from the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday.

Key sectors driving this growth include manufacturing, which expanded by 3.9 per cent, and mining, which grew by 0.2 per cent. The electricity sector also contributed positively, with a growth rate of 0.5 per cent.

Within the manufacturing sector, the production of coke and refined petroleum products, basic metals, and electrical equipment were the top contributors to the overall growth.

Attribution: Ministry of Statistics and Programme Implementation report

Subediting: M. S. Salama