Economic Data

India’s Factory Output Growth Slows to 4.9% Amid Base Year Revision

News Desk18 hours ago18 hours ago02 mins

India’s factory output growth decelerated to 4.9% in April 2024, according to the latest government data released this week, marking the first report published under a revised base year of 2022-23. The Index of Industrial Production (IIP) indicates a cooling trend compared to the 5.7% expansion observed in April 2025, reflecting shifting dynamics in the…

India’s Industrial Output Growth Decelerates to 4.9% Amid Manufacturing Headwinds

News Desk18 hours ago18 hours ago03 mins

India’s Index of Industrial Production (IIP) growth slowed to 4.9% in the latest reporting period, a deceleration driven largely by a pronounced dip in mining activity and localized contractions within the manufacturing sector. The Ministry of Statistics and Programme Implementation released the figures this week, marking the first major performance assessment under the newly transitioned…