India's Index of Industrial Production Rises 4.8% in January, Slowing from December

Kathmandu. According to official data released by the Ministry of Federal Statistics and Program Implementation, India's Index of Industrial Production (IIP) increased by 4.8 percent in January compared to the previous year.

This was supported by a 4.8 percent growth in the manufacturing sector and a 5.1 percent growth in the electricity sector. The January growth rate was lower than December's 7.8 percent. According to the ministry's data, the growth rates for the three sectors—mining, manufacturing, and electricity—in January were 4.3 percent, 4.8 percent, and 5.1 percent, respectively.

Positive contributors for the month of January included the manufacture of basic metals (13.2 percent), the manufacture of motor vehicles, trailers, and semi-trailers (10.9 percent), and the manufacture of other non-metallic mineral products (9.9 percent).