May 30, 2024 14:51 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Shashi Tharoor's former PA arrested at Delhi Airport in gold smuggling case, Congress leader says 'law must take its own course' | Bihar man dies in Delhi hospital due to heat stroke amid record-breaking heatwave in national capital | Bengali film actress Rituparna Sengupta summoned by ED in ration distribution scam | Centre begins process of granting citizenship under CAA in West Bengal | Delhi govt imposes fine on car wash amid severe water crisis
India's factory output grows 3.8 pc year-on-year in January
Photo courtesy: Pixabay

India's factory output grows 3.8 pc year-on-year in January

| @indiablooms | 13 Mar 2024, 02:34 am

New Delhi: India's factory output measured in terms of Index of Industrial Production (IIP) grew 3.8% year-on-year in the month of January 2024, as per official data released on Tuesday.

As per data published by Ministry of Statistics & Programme Implementation (MoSPI), electricity sector growth stood at 5.6% in January this year.

While mining sector registered a growth of 5.9% in January this year, manufacturing sector grew at 3.2%.

Commenting on January IIP numbers, ICRA Chief Economist Aditi Nayar said that the growth expectedly eased during this period entirely led by a deceleration in the growth of manufacturing.

"Based on the available high frequency data for February 2024 as well as an unfavourable base (+6.0% in February 2023), ICRA anticipates the YoY IIP growth to remain at 3-4% in that month," she said.

As per the official data, IIP recorded 5.9% growth in April-January period of current financial year 2023-24.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.