India News | India's Industrial Output Grows 5.9 Pc in May
Get latest articles and stories on India at LatestLY. India's industrial production grew 5.9 per cent in May this year, mainly due to good show by mining and power sectors, according to official data released on Friday.
New Delhi, Jul 12 (PTI) India's industrial production grew 5.9 per cent in May this year, mainly due to good show by mining and power sectors, according to official data released on Friday.
The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 5.7 per cent in May 2023.
India's Index of Industrial Production grew by 5.9 per cent in May 2024, an official statement said.
The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output slowed to 4.6 per cent in May 2024 against 6.3 per cent in the year-ago month.
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In May this year, mining production rose 6.6 per cent, and power output increased 13.7 per cent.
During April-May this fiscal, the IIP grew 5.4 per cent compared to 5.1 per cent in the year-ago period.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)