iip growth

For RBI the situation is clear: The resilience of the global economy, already inflicted with trade tensions, is being tested by the conflict in West Asia. The biggest takeaway from the RBI bulletin is that India’s domestic supply chains may come under risk from a prolonged war scenario, though strong macroeconomic fundamentals provide a buffer.

Industrial production growth remained subdued at 1.9 per cent in March compared to a year ago, mainly due to poor performance by the manufacturing sector which showed staggered impact of the third wave of the pandemic. Factory output measured in terms of Index of Industrial Production (IIP) had recorded a growth of 24.2 per cent in March 2021, as per government data released on Thursday.

The government will on Monday evening release the keenly-watched factory output data for the month of July. The factory output measured in terms of Index of Industrial Production (IIP) grew 12.3 per cent in June this year, remaining in double digit for second month in a row due to base effect.

India's industrial production growth remained subdued for the second straight month and expanded by 3.2 per cent in October, mainly due to the waning low base effect while mining, power and manufacturing sectors performed well.

Industrial output unexpectedly contracted 3.5% in March, the first fall in five months. The iip growth was higher at 9.4% in March last year.

Government data released also revised the annual growth figure for August to a 22-month-high of 11% from 10.4%.

Chief Economic Adviser K V Subramanian on Saturday said V-shaped recovery of economic activity continued in October and both factory output and core sector growth have inched up to the pre-Covid level.

India's industrial production dropped by 0.1% in August, driven by declines in the mining and electricity sectors, alongside minimal growth in manufacturing. The iip growth rate dip follows July's 4.7%. Heavy rainfall impacted mining output significantly, while all categories saw month-over-month declines.

India's industrial output growth slowed in September, with the manufacturing sector, consumer durables, and non-durables remaining sluggish. The index of industrial production (IIP) rose 5.8% in September, slower than the previous month's 10.3%. The manufacturing sector grew 4.5% compared to a 2% expansion in the previous year. The capital goods sector slowed to 7.4% growth in September compared to 11.4% growth in the previous year. The consumer durables sector grew 1%, while the consumer non-durables rose 2.7%.

Describing the continuing economic gloom, as reflected in the IIP data, as worrisome, State Bank of India Chairman Pratip Chaudhuri today said it is time policy makers "wake up" to take urgent corrective steps.

India's industrial production growth increased to a 16-month high of 11.7 per cent in October, mainly due to good show by manufacturing, mining and electricity sectors, according to the official data released on Tuesday. "India's iip growth rate rises to a 16-month high of 11.7 per cent in October 2023," an official statement said. Factory output measured in terms of the Index of Industrial Production (IIP) had contracted by 4.1 per cent in October 2022.

New Delhi, May 12 () Industrial output growth slipped to 2.7 per cent in March, chiefly because of poor performance of the manufacturing sector, showed the IIP data based on the revised base year of 2011-12. The index of industrial production (IIP) growth was 5.5 per cent in March 2016.

NEW DELHI: Painting a rosy picture for the industrial sector, NCAER has said the general index of industrial production was projected to rise to 6.36 per cent by the middle of 2003, even as it said the undercurrent of industrial recovery was not broadbased.

Retail inflation inched up in January as the statistics office changed the base year but hovered within the central bank’s comfort levels, while industrial output growth remained sluggish in December, keeping alive hopes of interest rate cuts.

According to official data released on Friday, industrial growth has slipped to 0.6 per cent in February this year due to contraction in power generation and mining output and poor performance of manufacturing sector.

According to finance minister Pranab Mukherjee, rising interest rates and poor domestic demand aggravated by global uncertainties hit the industrial investment.

Industrial output slipped to 4-month low, contracting 1.2 per cent in February, mainly on account on decline in the manufacturing sector and lower offtake of capital as well as consumer goods.

The annual growth rate of India's industrial output dipped to a single-digit level at 5.6% in August from the revised figure of over 15% in July primarily due to lower demand for capital goods and consumer nondurables in the month under review.