NEW DELHI: Industrial production grew 6.7% in Sept as against 6.1% expansion recorded a year ago, on account of strong manufacturing and electricity output.Sequentially, however, industrial production witnessed deceleration from a downward revised figure of 7.8% in Aug, official data released Wednesday showed. During April-Sept, the index of industrial production (IIP) grew 6.8%, compared with 4.4% a year ago.
Manufacturing, which has a weight of 76% in the index, grew 7.6% as 17 out of 23 industry groups witnessed an increase in output, led by beverages, electrical equipment, transport equipment, rubber, textiles, furniture among others.Electricity and gas supply expanded 11.2% on account of higher temperature due to heat wave conditions. Electricity production from conventional sources recorded double-digit growth (16.5%) in Sept, while there was a moderate growth in electricity output from renewable sources (4.3%). The newly added water supply, sewerage and waste management sector grew 5.8%. Activity in the mining and quarrying contracted further (-6.2%) during the month, led by the non-metallic minerals segment with output declining in eight of the last nine months.In the use-based category — capital goods (10.4%) and intermediate goods (12.2%) industries registered double-digit output, reflecting the impact of sustained public capex in the economy. Capital goods, too, grew 7.2% during the month.Output in consumer durables, which reflect consumer sentiments, witnessed deceleration (6%) during the month, while consumer non-durables recorded acceleration in growth (1.4%) in Sept, after remaining in the contractionary zone in Aug.
✍️ Vikrant Kharwar
Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment, technology, and viral stories. His goal is to make news simple, informative, and easy to understand for readers across the United States and around the world.
