IIP growth improves further in October on positive contribution from manufacturing

India's Index of Industrial Production (IIP) grew by 3.5% in October 2024, up from 3.1% in September 2024. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of October 2024 are 0.9 percent, 4.1 percent and 2.0 percent respectively. The Quick Estimates of IIP stands at 149.9 against 144.9 in October 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2024 stand at 128.5, 147.9 and 207.8 respectively. Within the manufacturing sector, 18 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in October 2024 over October 2023.

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