Last Updated: March 10, 2023, 18:41 IST
The manufacturing sector’s output grew 3.7 per cent in January 2023 from 1.9 per cent a yr in the past.
There was an enchancment on an annual in addition to sequential foundation
India’s industrial manufacturing progress perked up barely to 5.2 per cent in January from 4.7 per cent in December 2022, primarily due to good efficiency of the ability, mining and manufacturing sectors, in accordance to official knowledge launched on Friday.
There was an enchancment on an annual in addition to sequential foundation. The manufacturing facility output progress measured in phrases of the Index of Industrial Production (IIP) stood at two per cent in January 2022.
As per the IIP knowledge launched by the National Statistical Office (NSO), the manufacturing sector’s output grew 3.7 per cent in January 2023 from 1.9 per cent a yr in the past.
Mining output rose 8.8 per cent throughout the month below evaluate in contrast to 3 per cent in January 2022.
Power era additionally surged 12.7 per cent in January 2023 towards 0.9 per cent in the year-ago month.
As per use-based classification, the capital items phase recorded a progress of 11 per cent in January towards a progress of 1.8 per cent in the corresponding month of the final fiscal.
Consumer durables output declined by 7.5 per cent in contrast to a contraction of 4.4 per cent a yr in the past. Consumer non-durable items output expanded by 6.2 per cent towards a progress of three.1 per cent earlier.
Infrastructure/building items too posted a progress of 8.1 per cent in contrast to a 5.9 per cent enlargement in the identical month of 2022. The knowledge additionally confirmed that the output of main items logged 9.6 per cent progress in the month towards 1.6 per cent in the year-ago interval.
The intermediate items output progress decelerated to 0.1 per cent from 2.5 per cent earlier. For the primary 10 months of the present fiscal (April-January), the expansion in IIP works out to be 5.4 per cent, down from 13.7 per cent in the year-ago interval.
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