DH Latest NewsDH NEWSLatest NewsIndiaNEWS

India’s Index of Industrial Production rises 3.8%

New Delhi: The index of industrial production (IIP) in India grew 3.8 percent in December 2023. Data released by the  Ministry of Statistics and Programme Implementation revealed this. It was at 2.4% in November, 2023. Factory output measured in terms of the Index of Industrial Production (IIP) had witnessed a growth of 5.1 percent in December 2022.

As per the data, manufacturing sector output grew by 3.9 per in December, 2023, up from 3.6 per cent in the year-ago month. In December last year, the mining production rose 5.1 per cent and power output increased 1.2 per cent.

Also Read: WhatsApp launches password-less ‘Passkey’ feature: Details 

IIP grew 6.1 per cent during the April-December 2023 period compared to a 5.5 per cent expansion in the year-ago period.

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.

shortlink

Post Your Comments


Back to top button