IIP knowledge: Industrial manufacturing rises to a four-month excessive of 5.7% in February in comparison with 4.2% in earlier month
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The Index of Industrial Manufacturing (IIP) in India rose by 5.7 per cent in February as towards 3.8 per cent in January, revealed the info supplied by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday. IIP in December 2023 was recorded at 4.2 per cent.
Economists polled by Reuters had estimated progress of 6% in February.
The core sector makes up 40.27% of the Index of Industrial Manufacturing (IIP), making it a lead indicator of commercial exercise.
