India's industrial production grows 3.1 pct in September

India's factory activity growth, determined by the Index of Industrial Production (IIP), grew 3.1 percent in September, government data showed Tuesday.

The IIP growth rate for September 2024 was 3.1 percent, compared to a contraction of 0.1 percent in August, reported the federal ministry of statistics and program implementation (MoSPI).

"The growth rates of the three sectors, mining, manufacturing and electricity for the month of September 2024 are 0.2 percent, 3.9 percent and 0.5 percent, respectively."

According to the ministry, the quick estimates of IIP stand at 146.7 against 142.3 in September 2023.

"The indices of industrial production for the mining, manufacturing and electricity sectors for the month of September 2024 stand at 111.7, 147.0 and 206.9, respectively," MoSPI said.

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