New Delhi: The index of industrial production (IIP) climbed to five month high. Data released by the Ministry of Statistics and Programme Implementation revealed this. As per the data, IIP grew by 5.7% in July this year. It was at 3.7% in June 2023. It was 2.2% in July 2022.
Manufacturing sector having 77% weightage in IIP grew by 4.6%. Basic Metal sector climbed 12.8%, Mining output rose by 10.7%t and Electricity grew by 8% in July 2023.
Also Read: Apple launches iPhone 15, iPhone 15 Plus in India: Price, specifications
IIP is an index that details out the growth of various sectors in the economy. The Eight Core Industries comprise more than 40% of the weight of items included in IIP. These Eight Core Industries are Electricity, steel, refinery products, crude oil, coal, cement, natural gas, and fertilizers.
Post Your Comments