Key Points
India's Industrial Production (IIP) growth rate slowed to 4.9 per cent in March as against 5.7 per cent in February, revealed the data provided by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday...
The cumulative growth rate for the period of April-March 2023-24 over the corresponding period of the previous year stood at 5.8 per cent...
"Within the manufacturing sector, the growth rate of the top three positive contributors to the growth of IIP for the month of March 2024 are Manufacture of basic metals (7.7 per cent), Manufacture of pharmaceuticals, medicinal chemical and botanical products (16.7 per cent), and Manufacture of other transport equipment (25.4 per cent)," stated the official release...
The corresponding growth rates of IIP as per Use-based classification in March 2024 over March 2023 stood at 2.5 per cent in primary goods, 6.1 per cent in capital goods, 5.1 per cent in intermediate goods, 6.9 per cent in infrastructure/construction goods, 9.5 per cent in consumer durables and 4.9 per cent in consumer non-durables, as per the official data..
