India’s industrial output, as measured by the Index of Industrial Production (IIP), grew by 6.7 per cent on an annual basis in September this year. However, the industrial activity slowed on month on month basis, easing from a downwardly revised IIP growth of 7.8 per cent in August.
According to the data released by the Ministry of Statistics and Programme Implementation today, electricity and gas supply recorded strong growth of 11.2 per cent in September, while manufacturing, which carries the heaviest weight in the index, expanded by 7.6 per cent. Water supply, sewerage and waste management also registered healthy growth of 5.8 per cent. In contrast, the mining sector remained a laggard, contracting by 6.2 per cent during the period under review.
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