Industrial growth declines to 4.9%

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Key Points

Indias industrial production growth slowed marginally to 4.9 per cent month-on-month in March 2024, mainly due to poor show by 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 5.6 per cent in February 2024..

For the fiscal 2023-24, IIP growth touched 5.8 per cent against 5.2 per cent in the preceding financial year...