DT
PT
Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds
search-icon-img
search-icon-img
Advertisement

Industrial output growth declines to 3.1% in Sept

  • fb
  • twitter
  • whatsapp
  • whatsapp
Advertisement

New Delhi, November 12

Advertisement

Industrial production growth slipped to 3.1% in September, mainly due to the waning low base effect while mining and manufacturing sectors performed well.

The manufacturing sector, which constitutes 77.63% of the Index of Industrial Production (IIP), grew 2.7% in September, according to data released by the government on Friday. The mining sector output rose 8.6% in September while power generation increased 0.9%.

Advertisement

Manufacturing grows by 2.7%

  • Manufacturing sector grew by 2.7% in September
  • The mining sector output rose 8.6% in September

Inflation up in Oct

  • Retail inflation inched up to 4.48% in October due to an uptick in food prices
  • The Consumer Price Index-based inflation was at 4.35% in September

In September 2021, the IIP stood at 127.9 points compared to 124.1 points in the same month last year. The index stood at 122.9 points in September 2019, as per the NSO data.

Thus, the data showed waning of the low base effect. The IIP growth witnessed double-digit growth from May onwards this year, mainly due to the lower base effect.

Advertisement

The data showed that industrial production recovered in September 2020 and surpassed the pre-pandemic level of September 2019. — PTI

Advertisement
Advertisement
Advertisement
tlbr_img1 Classifieds tlbr_img2 Videos tlbr_img3 Premium tlbr_img4 E-Paper tlbr_img5 Shorts