Industrial output growth slows to 6.7 percent in Sept
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Industrial output growth slowed to 6.7 percent in September.
- ✓While manufacturing expanded, mining contracted 6.2 percent, pulling down the overall index.
- ✓Beverages led the growth with a 39.4 percent jump.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Forbes India
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Mining contracts, pulling down growth, despite the expansion of manufacturing that carries the largest weight in the index
Manufacture of beverages led with a 39.4 percent jump, followed by electrical equipment at 33.9 percent, rubber and plastics products at 19.9 percent and motor vehicles, trailers and semi-trailers at 19 percent. Auto components, passenger cars and commercial vehicles were key drivers in the vehicle segment, while switchgear, UPS systems and optical-fibre connectors powered electrical equipment. The data also show some weak spots within manufacturing. Wood products fell 10.5 percent, basic pharmaceutical products 8.9 percent, and wearing apparel contracted 5.2 percent in September.
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Forbes India
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