Industrial output growth dropped to 6.7% in September

at 2:20 pm
Energy efficiency
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New Delhi, Oct 29 (NVI) The industrial output growth of India measured by Index of Industrial Production (IIP) fell sharply to 6.7% in September from 8% in August, according to the data released by Ministry of Statistics and Programme Implementation.

Mining and quarrying, however, contracted by 6.2% leading to the fall in the overall industrial output. Water supply, sewerage and waste management grew 5.8%.

Manufacturing output grew 7.6%, while electricity and gas supply expanded 11.2%.

In the manufacturing sector, 17 of the 23 industry groups recorded a double-digit positive growth during the month.

Electrical equipment manufacturing led the expansion, growing 33.9%, followed by rubber and plastics products at 19.9%and motor vehicles, trailers and semi-trailers at 19%.

Growth in the automobile segment has been driven by auto components, spares and accessories, passenger cars and commercial vehicles.

Consumer durables output rose by 6%, whereas consumer non-durables grew at a more modest 1.4%, indicating a relatively subdued expansion in the latter category. (NVI)