IIP: India's Industrial Output Grew 5.2% In January
The Index of Industrial Production expanded 5.2% in January, as against 4.7% in December 2022.
India’s factory output rose but at a faster pace as compared with the previous month.
The Index of Industrial Production expanded 5.2% in January, as against 4.7% in December 2022, according to data published by the Ministry of Statistics and Programme Implementation on Friday.
The industrial output rose 0.8% on a month-on-month basis in January.
Thirty-one economists polled by Bloomberg had forecast January IIP growth at 5.1%.
Sectoral Estimates
Mining output rose 8.8% in January as compared with 10% in December.
Manufacturing output expanded 3.7% from 3.1% in the previous month.
Electricity generation rose 12.7% compared to 10.4% in the preceding month.
Industrial output, as classified by the end use of goods, showed:
Primary goods output rose 9.6% compared to 8.4% in December.
Capital goods output grew 11% from 7.8% in the previous month.
Intermediate goods output gained 0.1% as against 0.6% in the previous month.
Infrastructure and construction goods output rose 8.1% as compared with 9.1% in the preceding month.
Consumer durables output fell 7.5% compared to a decline of 11% in the preceding month.
Consumer non-durables output rose 6.2% as compared with 7.6% in December.