New Delhi, November 12
Industrial production growth slipped to 3.1% in September, mainly due to the waning low base effect while mining and manufacturing sectors performed well.
The manufacturing sector, which constitutes 77.63% of the Index of Industrial Production (IIP), grew 2.7% in September, according to data released by the government on Friday. The mining sector output rose 8.6% in September while power generation increased 0.9%.
Manufacturing grows by 2.7%
- Manufacturing sector grew by 2.7% in September
- The mining sector output rose 8.6% in September
Inflation up in Oct
- Retail inflation inched up to 4.48% in October due to an uptick in food prices
- The Consumer Price Index-based inflation was at 4.35% in September
In September 2021, the IIP stood at 127.9 points compared to 124.1 points in the same month last year. The index stood at 122.9 points in September 2019, as per the NSO data.
Thus, the data showed waning of the low base effect. The IIP growth witnessed double-digit growth from May onwards this year, mainly due to the lower base effect.
The data showed that industrial production recovered in September 2020 and surpassed the pre-pandemic level of September 2019. — PTI
For all the latest business News Click Here
