Within the Manufacturing sector, 17 out of 23 industry groups recorded positive growth. The top three positive contributors for the month of April are Manufacture of motor vehicles, trailers and semi-trailers (12.7%), Manufacture of electrical equipment (19.2%) and Manufacture of machinery and equipment (12.9%).
India’s industrial production growth registered an uptick of 5.2 per cent in February, up from 4.8 per cent in January, indicating a steady, though not broad-based, recovery in economic activity.
The Index of Industrial Production (IIP) growth rate for the month of August is recorded at 4% from earlier 3.5% in the month of July.
In July, the growth rates of Mining, Manufacturing, and Electricity stood at (-) 7.2%, 5.4% and 0.6%, respectively.
India’s industrial growth, long considered a key gauge of the country’s economic vitality, has begun to show signs of a worrying deceleration.
India's domestic demand is showing signs of recovery, supported by several positive developments, according to a recent report by Crisil.
The consumer price index (CPI)-based retail inflation for February slipped to 3.61 per cent amid a decline in the rate of price rise in vegetables and protein-rich items.
India's Consumer Price Index (CPI) based retail inflation eased to 4.6 per cent in January from 5.22 per cent in December.This marks a decline of 91 basis points in headline inflation compared to the previous month, making it the lowest year-on-year inflation since August 2024.
India's retail inflation in November was recorded at 5.48%, compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation said.
In the manufacturing sector, the top three positive contributors were the manufacturing of basic metals (3.0 per cent), electrical equipment (17.7 per cent), and chemicals and chemical products (2.7 per cent) in August.
