India’s industrial output rose at a sluggish two percent during September, due to poor performance of the manufacturing sector, government data showed on Tuesday.
India’s industrial output rose at a sluggish two percent during September, due to poor performance of the manufacturing sector, government data showed on Tuesday.
Factory output measured in terms of the Index of Industrial Production (IIP) had grown by 0.43 percent in August.
The cumulative growth of the industrial production for April-September period stood at 0.4 percent year-on-year, according data released by the Central Statistics Office (CSO) here.
Manufacturing sector grew at a sluggish 0.6 percent. Mining output increased by 3.3 percent and electricity production rose by 12.9 percent in September.
As per “use-based” classification, basic goods sector posted a growth of 5.4 percent, intermediate goods 4.1 percent, and consumer non-durables 11.3 percent.
However, capital goods continue to be a big drag. Capital goods output slumped by 6.8 percent during the month under review, while consumer durables production fell by 10,8 percent.
-IANS
