India's Industrial Production Grows 3.8 Per Cent In January

According to NSO, the manufacturing sector showed a growth of 3.2 per cent in January, a decrease from the 4.5 per cent recorded in the same period last year

Over the period from April 2023 to January 2024, the IIP expanded by 5.9 per cent, compared to a 5.5 per cent growth in the corresponding period of the previous year. ( Image Source :Getty )

India's industrial production expanded 3.8 per cent in January, according to official data released on Tuesday.  This growth is measured through the Index of Industrial Production (IIP), which saw a 5.8 per cent increase in January 2023. An official statement announced, "India's Index of Industrial Production experiences a 3.8 per cent growth in January 2024."

According to figures from the National Statistical Office (NSO), the manufacturing sector showed a growth of 3.2 per cent in January, a decrease from the 4.5 per cent recorded in the same period last year.

Mining production witnessed a 5.9 per cent increase in January, while power output surged by 5.6 per cent during the same period.

Over the period from April 2023 to January 2024, the IIP expanded by 5.9 per cent, compared to a 5.5 per cent growth in the corresponding period of the previous year.

For the month of January, the Index of Industrial Production with base 2011-12 stands at 153.0. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of January 2024 stand at 144.1, 150.1, and 197.1 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

The eight core industries; coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity; make up around 40 per cent of the IIP.