India's industrial production grew at the fastest pace in seven months at 4.5 per cent during February, mainly on account of uptick in mining and manufacturing activity as well as power generation, official data showed on Thursday.
The manufacturing sector, which contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019 as against a growth of 5.2 per cent in the same month of last year.
The combined Index of Eight Core Industries stood at 127.2 in September 2018.
"The cumulative growth for the period April-July 2018 over the corresponding period of the previous year stands at 5.4 per cent," the Quick Estimates of IIP for the month of July 2018.
The drop in retail or consumer inflation was mostly driven by lower food prices, the government said.
The factory output, measured in terms of Index of Industrial Production (IIP), grew 5.1 per cent in November 2016, as per data released today by the Central Statistics Office (CSO).
Factory output measured in terms of IIP rose 5% in September 2016 and 4.5 per cent in August this year.
A total of eight out of 23 industry groups in the manufacturing sector grew in July 2017 compared to the corresponding month last year.
Factory output, measured in terms of Index of Industrial Production, grew 8 per cent in June 2016, according to the data released by the Central Statistics Office today.
For 2016-17, factory output grew by 5 per cent as against 3.4 per cent in the year-ago period.
Gaining momentum in rise of industrial output, India’s core industries production rose by 3.2 per cent in August on the back of production of steel, fertilisers and refinery products, official data showed on Friday.
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