NSO Reports: Industrial Output in India Surges by 5.6% in February
India’s industrial output grew by 5.6 per cent in February, as per the Index of Industrial Production (IIP).
Mining output rose 4.6 per cent and power generation surged 8.2 per cent during the month under review.
Factory output measured in terms of the IIP grew 1.2 per cent in February 2022.
IIP growth for the first 11 months of 2022-23 was 5.5 per cent, down from 12.5 per cent in the corresponding period of 2021-22.
India’s retail inflation declined to 5.66 per cent in March, with rural inflation at 5.51 per cent and urban inflation at 5.89 per cent.
The manufacturing sector’s output rose by 5.3 per cent in February as against 4 per cent in January, outweighing the impact of a fall in growth rates seen in electricity and mining.
The output of consumer non-durables rose by 12.1 per cent in February as against an increase of 6.3 per cent in January.
The Quick Estimates of Index of IIP with base 2011-12 stands at 138.7 for the month of February 2023.
