India’s industrial production picks up in January, grows 5%

India’s industrial output, measured by the Index of Industrial Production (IIP) grew by 5.0 per cent in January, from 3.5 per cent in December 2024, data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday showed.

The data released by the National Statistical Office (NSO) showed that the manufacturing sector’s output grew 5.5 per cent in January as against 3.6 per cent in the year-ago period.

Mining production grew just 4.4 per cent when compared to 6 per cent in January 2024 and power output increased only 2.4 per cent in the said month.

(More to come)