India’s industrial output rebounds with 3.1% growth in September, driven by manufacturing
New Delhi: India's industrial output increased by 3.1% in September 2024, primarily due to a recovery in manufacturing activity, according to data from the Ministry of Statistics and Programme Implementation.
This follows a 0.1% contraction in the Index of Industrial Production (IIP) in August.
In the three key IIP sectors, manufacturing output rose by 3.9% in September, electricity generation grew by 0.5%, and mining activity saw a 0.2% increase.
Based on Use-based classification, the IIP growth rates for September 2024 compared to September 2023 were 1.8% in Primary goods, 2.8% in Capital goods, 4.2% in Intermediate goods, 3.3% in Infrastructure or Construction Goods, 6.5% in Consumer durables, and 2% in Consumer non-durables.
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