Factory output turns positive, rises 3.1% in Sept

India's industrial production grew by 3.1 per cent in September, rebounding from a contraction in the previous month, as key sectors—mining, manufacturing, and power generation—showed signs of recovery.

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However, the growth in the Index of Industrial Production (IIP) for the month was notably lower than the 6.4 per cent recorded in September 2023.

In August, factory output had slipped into negative territory, declining by 0.1 per cent, primarily due to disruptions in mining activities caused by widespread flooding across various regions.

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.