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India’s Industrial Production Growth Slows to 4.9% in March 2024

SME E-News

May 11, 2024

India Growth Story , Industry , MSME

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India’s industrial production growth rate dipped to 4.9% in March 2024, down from 5.7% in February. Whereas, the manufacturing sector saw a growth of 5.2%, slightly up from 5%. Key contributors to this growth included the manufacturing of basic metals, pharmaceuticals and medicinal products and other transport equipment.

Notable growth is Manufacture of basic metals, Manufacture of pharmaceuticals, medicinal chemical and botanical products and Manufacture of other transport equipment. The mining production increased by 1.2%, while power output surged by 8.6%. These sectors play pivotal roles in India’s industrial landscape, contributing to overall economic activity and growth.

Source : https://currentaffairs.adda247.com/indias-industrial-production-growth-slows-to-4-9-in-march-2024/

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