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Tepid show in durables, non-durables drags down India's IIP growth to 5.8%
November 11, 2023
|The Business Guardian
Industrial production in India delivered a modest growth of 5.8 per cent in September 2023, as an unfavourable base, a shift in the festive calendar and excess rainfall dragged down the year-on-year growth in the Index of Industrial Production (IIP) to nearly half from 10.3 per cent in August 2023. The growth, driven down by a big drop in manufacturing sector output – an increase of just 4.5 per cent y-o-y from a 9.3 per cent jump in August, read lower than the estimates of rating agencies like ICRA, which had pegged the IIP for September 2023 at 8.0 per cent.
هذه القصة من طبعة November 11, 2023 من The Business Guardian.
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