IIP growth rebounds at 3.1% in Sept

Industrial output grew by3.1% in September, against a contraction of 0.7% in August, following the robust performance of electricity, mining, capital goods and infrastructure sectors. Economists, however, said the contraction in consumer durables and non-durables sectors remained a worry. 

New Delhi: Industrial output growth rebounded in September on the back of robust performance of electricity, mining, capital goods and infrastructure sectors.

Data released by the National Statistical Office (NSO) on Friday showed the Index of Industrial Production (IIP) rose an annual 3.1% in September from August’s contraction of 0.7%. Growth in September 2021 was 4.4%. For the April-September period, IIP growth was at a healthy 7% compared with a 23.8% expansion in the previous year-ago period. Economists said despite signs of a revival in the sector, it remained sluggish as consumer durables and non-durables sectors contracted in September and continued to be a worry.