IIP grows to 4-month high of 5.7 pc in Feb on good mining show

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New Delhi, Apr 12 (PTI) Indias industrial production growth accelerated to a four-month high of 5.7 per cent in February 2024, mainly due to the good performance of the mining sector, according to official data released on Friday...

The factory output growth measured in terms of the Index of Industrial Production (IIP) was 6 per cent in February 2023...

The previous high of IIP was recorded at 11.9 per cent in October 2023, which slowed to 2.5 per cent in November, 4.2 per cent in December and 4.1 per cent in January 2024...

As per use-base classification, the capital goods segment growth fell to 1.2 per cent in February 2024 compared to 11 per cent in the year-ago period...

According to the data, infrastructure/construction goods reported a growth of 8.5 in February 2024 against a 9 per cent expansion in the year-ago period...