From Financialexpress · Shubham Rana · · 1m
IIP Growth Slows to 4-Month Low
India's industrial output growth drops to 6.7% in September as mining sector contracts.
In brief
India's industrial output growth drops to 6.7% in September as mining sector contracts. India's industrial output growth slowed to 6.7% in September, the lowest in four months, due to mining sector contraction. Originally reported by Financialexpress.
IIP Growth Slows
India's industrial output growth slowed to 6.7% in September, the lowest in four months.
Mining Sector Contracts
Mining output fell 6.2% year-on-year, the biggest drop since September 2023.
Manufacturing Growth Slows
Manufacturing expanded 7.6% in September, the slowest growth in four months.
Electricity Output Grows
Electricity generation from non-renewable sources grew 16.5% in September, the fastest pace in 30 months.
Consumer Non-Durables Rise
Consumer non-durables output grew 1.4% in September after two months of contraction.
Capital Goods Growth Slows
Capital goods output rose 10.4% in September, down from 15.9% in August.
Overall Economic Momentum
Economic momentum remains robust with resilient consumer and investment sectors.
Here's the gist
India's industrial output growth slowed to 6.7% in September, the lowest in four months, due to mining sector contraction.
