2023-08-13 12:30:40
India’s industrial production growth pace decelerated to 3.7% last June from 5.3% in May, its lowest level in three months, according to data released by India’s National Board. statistics (NSO).
During the first quarter of fiscal year 2023-2024 (April-June 2023), the industrial production index (IPI) recorded a growth of 4.5%, against 12.9% for the same period a year earlier, the same source said, adding that in June 2022, the IIP had increased by 12.6%.
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In detail, the production of the mining sector increased by 7.6% in June 2023, against 7.8% for the same month of 2022. The production of the manufacturing sector, which represents 17% of the Indian economy , increased by 3.1%, after 12.9% a year earlier.
Data from India’s National Bureau of Statistics also show that power sector output rose 4.2 percent, from 16.4 percent a year earlier.
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