India's industrial growth, as per the Index of Industrial Production (IIP), rose to 3.1 percent in September, data released on November 11 by the Ministry of Statistics and Programme Implementation showed.
Output had contracted by 0.8 percent in August - the industry's worst performance in 18 months. This figure has now been revised slightly upwards to -0.7 percent.
At 3.1 percent, the latest IIP growth figure is above consensus estimates. A Moneycontrol poll of 14 economists had predicted IIP growth may rise to 2.3 percent in September.| SEP 2022 | AUG 2022 | SEP 2021 | |
| IIP growth | 3.1% | -0.7% | 4.4% |
| Mining | 4.6% | -3.9% | 8.6% |
| Manufacturing | 1.8% | -0.5% | 4.3% |
| Electricity | 11.6% | 1.4% | 0.9% |
| USE-BASED CLASSIFICATION | |||
| Primary goods | 9.3% | 1.7% | 4.6% |
| Capital goods | 10.3% | 4.3% | 3.3% |
| Intermediate goods | 2.0% | 1.2% | 7.0% |
| Infrastructure goods | 7.4% | 2.1% | 9.3% |
| Consumer durables | -4.5% | -2.5% | 1.6% |
| Consumer non-durables | -7.1% | -9.5% | -0.1% |