India’s Industrial Production Rises 4% in August, IIP Shows Strong Growth

India’s industrial production growth, measured by the Index of Industrial Production (IIP) rose four per cent in August this year, up from 0.5 per cent in July. According to the data released by the Ministry of Statistics and Programme Implementation, the factory output had expanded by over four per cent in the same month last year. Among the three major components of IIP, mining sector advanced by six per cent in August. Electricity generation logged rise of 4.1 per cent and manufacturing added 3.8 per cent.