Factory output growth rises to 5-mth high in July : The Tribune India

Factory output growth rises to 5-mth high in July

Factory output growth rises to  5-mth high in July


PTI

New Delhi, September 12

India’s industrial production growth rose to a five-month high of 5.7% in July, mainly due to good showing by the manufacturing, mining and power sectors, according to the official data released on Tuesday.

The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 2.2% in July 2022.

The previous high was recorded at 6% growth in February 2023. Thereafter, the growth rate declined to 1.9% in March 2023 before rising to 4.6% in April and further to 5.3% in May. The IIP growth again decelerated to 3.8% in June this year.

During April-July 2023-24, the IIP growth works out to be 4.8%, down from 10% in the corresponding period a year ago.

Tribune Shorts


Top News

US provided Canada with intelligence on killing of KTF chief Hardeep Singh Nijjar: Report

US provided Canada with intelligence on killing of KTF chief Hardeep Singh Nijjar: Report

Nijjar was killed in Surrey in British Columbia on June 18

India-Middle East-Europe corridor will become basis of world trade for centuries: PM Modi

India-Middle East-Europe corridor will become basis of world trade for centuries: PM Modi

Recalls ‘Silk route’, an ancient trade corridor used by Indi...

It is still a world of double standards: External Affairs Minister Jaishankar

It is still a world of double standards: External Affairs Minister Jaishankar

Says those occupying positions of influence are resisting th...

Probably winning Telangana, certainly winning Madhya Pradesh and Chhattisgarh, ‘very close’ in Rajasthan: Rahul

Probably winning Telangana, certainly winning Madhya Pradesh and Chhattisgarh, 'very close' in Rajasthan: Rahul

Speaking at a conclave, the Congress leader says idea of ‘on...


Cities

View All