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The pickup in August core sector growth was led by coal, steel and cement, even as crude oil, natural gas and refinery products continued to underperform.
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Industrial production growth slowed to 4 percent in FY25, reflecting weak domestic demand and global uncertainty, with March growth flat at 3 percent.
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The dip in industrial production follows a decline in core sector output, which slipped to 4 percent from 4.4 percent in the previous month
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India’s core sector output had expanded 3.1 percent in October as compared to a revised 2.4 percent in September, as four of the eight sectors recorded a faster pace of growth
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Despite the moderation, prices of essential commodities are expected to stay high, keeping inflation above 5 percent for a third consecutive month
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Industrial growth had expanded 10.9 percent in August 2023
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Core industries growth, which accounts for 40 percent weight in the index of industrial production index, had eased to a 20-month low of 4 percent in June
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For FY24, India's Index of Industrial Production (IIP) stood at 5.8 percent against 5.2 percent in the previous year.
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In January 2023, India's industrial output had grown by 5.8 percent
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In April-December 2023, the output of India's industry – as measured by the Index of Industrial Production – grew by 6.1 percent as against 5.5 percent in the first three quarters of 2022-23.
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In April-November 2023, India's industry - as measured by the Index of Industrial Production - grew by 6.4 percent as against 5.6 percent in the first eight months of 2022-23.
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While CPI inflation is seen rising for the second consecutive month, economists expect industrial growth slowing down to an eight-month low of 3.5 percent in November
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While J&K recorded a highest ever industrial investment worth Rs 3,905.45, within a span of just 18 months, and project plans include a mega mall, 'Mall of Srinagar', but contrary to the government claims, Mir Shahid Kamli, president of Federation Chamber of Industries Kashmir, says there is no visible growth of industries on ground in Kashmir.
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If growth holds robustly for the next two months, then it would be reasonable to assume that the broader economy, powered by consumer demand, is accelerating onto a faster track
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For April-October 2023, industrial growth - as measured by the Index of Industrial Production - came in at 6.9 percent as against 5.3 percent in the first seven months of 2022-23
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In August, industrial growth - as measured by the Index of Industrial Production - had come in at 10.3 percent, the highest in 14 months
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The Ministry of Statistics and Programme Implementation will release industrial production data for September later todat at 5:30 pm
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In July, industrial growth - as measured by the Index of Industrial Production - had come in at 6.0 percent
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In June, industrial growth - as measured by the Index of Industrial Production - had come in at 3.8 percent
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The statistics ministry will release the Consumer Price Index data for August and industrial production data for July later today at 5:30 pm
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In May, industrial growth - as measured by the Index of Industrial Production - had come in at 5.3 percent.
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Inflation cooled to multi-month lows but the industrial growth was tepid and well below expectations, and merchandise exports contracted as global demand fell
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For 2022-23 as a whole, industrial production clocked a growth of 5.1 percent as against 11.4 percent in 2021-22.
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A favourable base effect is expected to drag down retail inflation below 5 percent for the first time since November 2021, according to a Moneycontrol survey. And for the second month in a row, a favourable base effect will likely be the strongest driver of disinflation
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In the first 11 months of 2022-23, industrial production clocked a growth of 5.5 percent as against 12.5 percent in the corresponding period of 2021-22
