India’s industrial production grew by 10.3 percent in August this year, the highest increase in the past 14 months, according to a statement by the ministry of statistics and program implementation on Monday, October 16.
During the April-August period of the fiscal year 2023-24, industrial growth was recorded at 6.1 percent, lower than the 7.7 percent recorded in the corresponding period of the previous fiscal year.
Power generation rose 15.3 percent in August this year compared to 1.4 percent in the year-ago period. Mining output rose by 12.3 percent during the month under review, against a 3.9 percent contraction a year ago. The capital goods segment grew 12.6 percent in August this year, compared to 4.3 percent in August last year.
Consumer durables output during the month declined by 5.7 percent, against a decline of 4.4 percent in the year-ago period.
