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India Industrial Production Data: India's industrial production slowed to 3.5% in October 2024, the Ministry of Statistics & Programme Implementation (MoSPI) said on Thursday (December 12).
The factory output growth measured in terms of the Index of Industrial Production (IIP) was at 3.1% in September 2024. In October last year, IIP growth stood at 11.9%.
According to the CNBC-TV18 poll of economists, the forecast IIP was estimated at 3.5% (MoM). Industrial output, or factory output, is the closest approximation for measuring the economic activity of the country's business landscape.
The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 4.1% in October 2024 against 10.6% in the year-ago month.
Mining production rose 0.9% and power output increased 2% in October 2024. In the April-October period, the IIP grew 4% down from 7% in the year-ago period.
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The factory output growth measured in terms of the Index of Industrial Production (IIP) was at 3.1% in September 2024. In October last year, IIP growth stood at 11.9%.
According to the CNBC-TV18 poll of economists, the forecast IIP was estimated at 3.5% (MoM). Industrial output, or factory output, is the closest approximation for measuring the economic activity of the country's business landscape.
The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 4.1% in October 2024 against 10.6% in the year-ago month.
Mining production rose 0.9% and power output increased 2% in October 2024. In the April-October period, the IIP grew 4% down from 7% in the year-ago period.
First Published: Dec 12, 2024 4:08 PM IST
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