Sunday, February 23, 2025
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Industrial Output Contracts 0.1% in August: Govt Data


India’s industrial manufacturing bought usually due to dangerous proving by the mining and energy technology markets.

The IIP improvement value for the month of August 2024 is (-) 0.1 %, which was 4.7 % within the month of July 2024

India’s industrial manufacturing bought 0.1 % in August, usually due to dangerous proving by the mining and energy technology markets, in keeping with major info launched onFriday The manufacturing facility consequence, decided regarding the Index of Industrial Production (IIP) skilled a improvement of 10.9 % in August 2023.

“The IIP growth rate for the month of August 2024 is (-) 0.1 per cent, which was 4.7 per cent in the month of July 2024,” a major declaration said.

The info launched by the National Statistical Office (NSO) revealed that the event in mining, manufacturing and electrical energy for August 2024 stood at (-) 4.3 %, 01 % and (-) 3.7 %, particularly.

The lower in improvement of the mining discipline is almost certainly due to hefty rains in August 2024, NSO said.

In April-August this monetary, the IIP expanded 4.2 % versus 6.2 % within the year-ago period.

(This story has truly not been modified by News 18 group and is launched from a syndicated info firm feed – PTI)



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