Industrial output rises 3.1% in Sept

Highlights

India’s industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing and power generation -- showed improvement

New Delhi; India’s industrial production expanded by 3.1 per cent in September after recording a contraction in the preceding month, as all three major segments -- mining, manufacturing and power generation -- showed improvement. However, the growth in the Index of Industrial Production (IIP) during the month was lower than 6.4 per cent registered in September 2023.

The factory output had turned negative in August at (-) 0.1 per cent, mainly on account of floods affecting mining operations in the different parts of the country. According to the data released by the National Statistics Office (NSO), mining sector output grew by 0.2 per cent, manufacturing production by 3.9 per cent and electricity output by 0.5 per cent in the month of September 2024. In August, the mining sector output contracted by 4.3 per cent and power generation by 3.7 per cent. The growth in manufacturing too was muted at 1.1 per cent.

“The IIP growth rate for the month of September 2024 is 3.1 per cent, which was (-) 0.1 per cent in the month of August 2024,” NSO said in a statement.