India's industrial growth, according to the Index of Industrial Production (IIP), dropped by 4 percent, way below Street estimates of -0.8 percent.
The IIP measures the manufacturing activity in various sectors of an economy. It measures the amount of industrial production for the period under review — October, in this case — in comparison with a reference period.
The IIP growth for the preceding month had increased to 3.1 percent. It fell 3.2 percent in the year-ago period.
The manufacturing sector, which has the highest weightage in the index, saw a sharp fall. It fell 5.6 percent compared to 1.8 percent in the preceding month.
In the industrial growth, the mining and electricity sector grew 2.5 percent and 1.2 percent compared to the previous month's 4.6 percent and 11.6 percent, respectively.
In September, the IIP growth stood at 3.1 percent.
Here's how various sectors performed in September and August
| Sector | September | August |
| Primary Goods | 9.3% | 1.7% |
| Capital Goods | 10.3% | 5% |
| Intermediate Goods | 2% | 0.6% |
| Infra/Construction Goods | 7.4% | 1.7% |
| Consumer Durables | -4.5% | -2.5% |
| Consumer Non-Durables | -7.1% | -9.9% |
First Published: Dec 12, 2022 5:43 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM