India's Industrial Output Grows 4.2% in June 2024
Aug 12, 2024 17:41
India's industrial production rose 4.2% in June 2024, driven by strong performance in mining and power sectors. Manufacturing sector also saw growth.
Photograph: Danish Siddiqui/Reuters
New Delhi, Aug 12 (PTI) India's industrial production grew 4.2 per cent in June this year, mainly due to a good show by the mining and power sectors, according to official data released on Monday.
The factory output, measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 4 per cent in June 2023.
India's Index of Industrial Production increased by 4.2 per cent in June 2024, an official statement said.
The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 2.6 per cent in June 2024 against 3.5 per cent in the year-ago month.
In June this year, mining production rose 10.3 per cent, and power output increased 8.6 per cent.
In the April-June quarter of this fiscal, the IIP grew 5.2 per cent compared to 4.7 per cent in the year-ago period.
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