India's industrial production rises 5.8% in September 2023

As per the IIP data released by the National Statistical Office (NSO), the manufacturing sector's output grew 4.5% in September 2023 against a 2% growth a year ago. Power generation rose 9.9% in September 2023 compared to 11.6% growth in the year-ago period.

Mining output rose by 11.5% in the month under review against a 5.2% contraction a year ago. As per use-based classification, the capital goods segment grew 7.4% in September this year compared to 11.4% growth in the year-ago month.

Consumer durables output during the month grew by 1% against a contraction of 5.5%. Consumer non-durable goods output increased by 2.7% compared to a contraction of 5.7% a year earlier.

Infrastructure/construction goods posted a growth of 7.5% against an 8.2% expansion a year ago. The data also showed that the output of primary goods logged 8% growth in the month compared to 9.5% in the year-ago period.

The intermediate goods output in September rose 5.8% from 1.7% growth during the corresponding month last year.