Industrial production growth fell to four-month low of 3.6% in September owing to subdued performance by manufacturing and non-durable consumer goods segments. Industrial output growth, measured in terms of the Index of Industrial Production, was also revised slightly downwards to 6.2% for August from provisional estimate of 6.4% released earlier, reported Press Trust of India.
Industrial output was at 4% in April-September 2015 against 2.9% in the year-ago period, as per the data released by the Central Statistics Office . The manufacturing sector, which constitutes over 75% of the index, grew by 2.6% in September, 2015, against a growth of 2.7% in the same month last year.
Capital goods output, a metric for gauging investment, grew at 10.5% against a growth of 12.3% in the same month last year. The output of consumer non-durable goods contracted 4.6% in the month under review against a growth of 1.3% in September 2014. Consumer durables output grew at 8.4% in September 2015 against a contraction of 11.1% during the same period a year ago.