Inflation continued to hurt consumption demand from households, reflected in the output of consumer durables as well as non-durables contracting sharply by 4.5% and 7.1%, respectively. Inflation continued to hurt consumption demand from households, reflected in the output of consumer durables as well as non-durables contracting sharply by 4.5% and 7.1%, respectively. India’s industrial output […]
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The Index of Industrial Production (IIP), however, grew only 0.14% over May 2022 levels The Index of Industrial Production (IIP), however, grew only 0.14% over May 2022 levels India’s industrial output grew 12.3% in June, moderating from 19.6% this May, led by a 16.4% uptick in electricity and 12.5% growth in manufacturing. Mining activity grew […]
Continue ReadingIndia’s industrial output grew by 1.9% in March, only marginally higher than the 1.7% growth recorded in February, with manufacturing growth staying weak at just 0.9%, only a tad better than the 0.8% recorded the month before. This is the fifth month in a row that the Index of Industrial Production (IIP) growth has been […]
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