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India’s Industrial Output Rises 8% in August, Led by Manufacturing
India’s factories and power producers made much more in August.
Overall industrial output grew by 8%, faster than in July.
Manufacturing was the biggest reason for the increase.
Electricity generation and gas supply also grew strongly.
Mining output fell, partly during the monsoon season.
Products such as vehicles and electrical equipment recorded especially high growth.
Capital goods and consumer durables also increased.
The government has introduced a new way to measure industrial output using 2022-23 as the base year.
This new measure includes more products and activities than the previous one.
India’s Index of Industrial Production grew 8.0% in August, up from a revised 7.4% in July and 4.7% a year earlier.
Manufacturing output, which carries a 76.062% share of the index, increased 9.0%, with 18 of 23 industry groups recording growth.
Electricity generation and gas supply rose 12.3%, while water supply, sewerage and water management grew 6.3%.
Mining and quarrying output fell 5.6%, with monsoon conditions cited as a factor that can affect mining activity.
The revised IIP series uses 2022-23 as its base year and expands coverage to 463 item groups, including new products and sectors.
- Who
- India’s industrial sector, with data released by the Ministry of Statistics and Programme Implementation.
- What
- Industrial output rose 8.0% in August, led by manufacturing and electricity generation.
- Where
- India.
- When
- The data cover August and were released on Monday.
- Why
- Manufacturing, electricity generation and gas supply expanded sharply, although mining contracted during the monsoon season.
Key facts
- August IIP growth
- 8.0%
- July IIP growth
- 7.4%, revised
- Manufacturing growth
- 9.0% year-on-year
- Electricity and gas growth
- 12.3%
- Mining and quarrying growth
- Down 5.6%
- New IIP base year
- 2022-23
- New item groups covered
- 463 item groups, including 1,042 mapped products
Sources
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