India’s Industrial Output Jumps 3.1%

New Delhi: India’s industrial output, as measured by the Index of Industrial Production (IIP), grew 3.1 percent in September, supported by a double-digit increase in electricity generation.

This is compared with a contraction of 0.8 percent in the previous month and a growth of 4.4 percent in September 2021.

According to the latest data from the Ministry of Statistics & Programme Implementation, the country’s industrial production from April-September 2022 jumped 7 percent, compared with 23.8 percent in the year-ago period.

India’s electricity sector output grew in double-digits at 11.6 percent year-on-year to 187.4 on the IIP in September. While mining saw a 4.6 percent jump to 99.5, manufacturing posted a 1.8 percent rise to 134.3.