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India's industrial production index grows by 4.8 pct
Xinhua

NEW DELHI, March 2 (Xinhua) -- India's Index of Industrial Production (IIP) recorded a 4.8 percent year-on-year growth during January, supported by 4.8 percent growth in the Manufacturing sector and 5.1 percent growth in the Electricity sector, showed the official data released by the federal Ministry of Statistics and Programme Implementation on Monday.

This photo taken on Nov. 24, 2022 shows a view of Cyber Hub in Gurgaon, India. (File photo: Xinhua)

The IIP growth rate for January was lower than December's 7.8 percent.

According to the ministry's data, the growth rates of the three sectors, viz. Mining, Manufacturing and Electricity during January were 4.3 percent, 4.8 percent and 5.1 percent, respectively.

It further showed that positive contributors for the month of January were "Manufacture of basic metals" (13.2 percent), "Manufacture of motor vehicles, trailers and semi-trailers" (10.9 percent), and "Manufacture of other non-metallic mineral products" (9.9 percent).

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