Industrial output growth eases to 6.7 per cent in September from 8 per cent in August. (Representative Image)
\n\nIndia’s industrial production growth moderated to 6.7 per cent in September from 8 per cent in August, with falling mining output offsetting gains in manufacturing and electricity generation. However, several manufacturing segments, including electrical equipment, rubber and plastics, and motor vehicles, posted robust growth during the month. The latest figures released by the Ministry of Statistics and Programme Implementation on Wednesday showed that the Index of Industrial Production (IIP) reached 124.3 in September, up from 116.5 in the same month last year.
\n\nMining and quarrying remained a key area of weakness in September, with output declining 6.2 per cent year-on-year. The contraction was steeper than the 4.6 per cent fall recorded in August, putting pressure on the overall industrial growth rate.
\n\nThe decline in mining activity came even as other major sectors continued to expand. Manufacturing and electricity and gas supply supported industrial production, although their growth rates also showed some moderation compared with the previous month.
\n\nManufacturing, which accounts for the largest share of the IIP at 76.062 per cent, grew 7.6 per cent in September, compared with 8.6 per cent…
Original source: https://www.timesnownews.com/business-economy
