Coming significantly lower than the 10.3% growth in August, the latest IIP numbers underline the moderation in economic momentum as seen in other high frequency indicators such as the Purchasing Managers' Index (PMI) for manufacturing.
To be sure, analysts maintain that economic activity continues to remain resilient despite a loss in momentum.
IIP growth saw a moderation across sectors in the month of September with annual growth for mining, manufacturing and electricity sub-sectors falling from 12.4%, 9.3% and 15.3% in August 2023 to 11.5%, 4.5% and 9.8% respectively.
Bu hikaye Hindustan Times dergisinin November 11, 2023 sayısından alınmıştır.
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Bu hikaye Hindustan Times dergisinin November 11, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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