- India's Index of Industrial Production (IIP) recorded a growth of 4.8% on an annual basis in January.
- This growth rate was lower than the 7.8% growth recorded in December of the previous year.
- The slowdown in industrial production was primarily driven by the weak performance of the manufacturing sector.
- Manufacturing output grew by 4.8% in January.
- In December, the manufacturing sector had recorded a significantly higher growth rate of 8.1%.
- Meanwhile, growth in the mining sector also slowed down.
- Mining output grew by 4.3% on an annual basis in January.
- In comparison, the sector had grown by 6.8% in December.
- Electricity generation also witnessed a decline.
- Electricity generation grew by 5.1% in January.
Tags:
Economics
