This is in contrast to the substantial growth of 17.1 per cent observed during the corresponding period in the previous year. This moderation can be attributed primarily to unexpected rains, as indicated by government data. The most recent Index of Industrial Production (IIP) figures, which gauge factory output, reveal a decline of 1.6 per cent in electricity production for March and a further 1.1 per cent reduction for April in the current year.
This story is from the August 14, 2023 edition of The Business Guardian.
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This story is from the August 14, 2023 edition of The Business Guardian.
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