NSO Reports: Industrial Output in India Surges by 5.6% in February

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.