India’s Industrial Production Grows 4.9% in March Vs 1.9% A Year Ago

India’s Industrial Production Grows 4.9% in March Vs 1.9% A Year Ago

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India’s manufacturing sector output grew 5.2 per cent in March 2024 against 1.5 per cent in the year-ago month. (Photo: Manufacturing Today)

During the full financial year 2023-24, the Index of Industrial Production grew 5.8 per cent as compared with a 5.2 per cent expansion in the preceding fiscal

India’s industrial production grew 4.9 per cent in March this year, according to official data released on Friday. The factory output, measured in terms of the Index of Industrial Production (IIP), had grown 1.9 per cent in March 2023.

According to the latest data released by the National Statistical Office (NSO), the manufacturing sector’s output grew 5.2 per cent in March 2024 against 1.5 per cent in the year-ago month.

In March this year, mining production rose 1.2 per cent, and power output increased 8.6 per cent.

During the full financial year 2023-24, the IIP grew 5.8 per cent as compared with a 5.2 per cent expansion in the preceding fiscal.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More

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