India’s Index of Industrial Production grew 3.8% in September over the corresponding figure for September 2016, data released by the Central Statistics Office on Friday showed. However, this is much below the nine-month high of 4.3% achieved in August 2017.
IIP is an indicator that measures the industrial output from the mining, manufacturing, electric and gas sectors of the economy. The Central Statistics Office said that the general index for September 2017 stood at 122.7. The cumulative growth for the April-September period was 2.5% year on year.
While the mining sector grew at 7.9% in September year on year, the corresponding figure for the manufacturing and electricity sectors was 3.4% each. The cumulative growth in these three sectors during April-September period over the corresponding period in 2016 was 3.9%, 1.9% and 5.7%, respectively.
The industry group “Manufacture of pharmaceuticals, medicinal chemical and botanical products” showed the highest growth in September at 26.4%. The group “Other manufacturing” declined the most at 27.1% while tobacco products showed the second highest rate of decline at 23.1%.