India’s January industrial production growth at 3.8%

India's industrial production (IIP) for January has been reported at 3.8%, as compared to a CNBC-TV18 poll which projected the figure at 4.01%. The data was released by the Ministry of Statistics and Programme Implementation on Tuesday, March 12.

The latest industrial growth figure, standing at 3.8%, remains consistent with the December 2023 figure, also at 3.8%.

Breaking down the figures, the Mining sector demonstrated growth, recording a 5.9% increase compared to the previous month's 5.1%. Meanwhile, the Manufacturing sector exhibited a slight slowdown with a growth rate of 3.2%, down from 3.9% in the preceding month.