India’s industrial output as measured by the index of industrial production (IIP) grew by 3.7 percent in June this year, a three-month low, according to data released by the ministry of statistics and program implementation on Monday, August 14.
Industrial production had grown by 5.3 percent in May, by 4.2 percent in April and by 12.6 percent in June 2022.
In the first quarter (April-June) of the fiscal year 2023-24, industrial production recorded a growth of 4.5 percent year on year, compared to 12.9 percent year-on-year growth in the corresponding quarter of the previous fiscal year.
