Stay updated with breaking news from Quick Estimates. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
New Delhi: India's index of industrial production (IIP) rose 10.3% year-on-year in August FY24 on the back of a surge in mining and electricity sector output, data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday showed.
Engineering exports from India to the UAE and Australia have increased by 9% in the April-August period of the current financial year, providing a boost to overall engineering exports, which have seen a decline during the same period. Engineering exports to Russia have also surged by 178% during this period.
The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.For
Quick Estimates of IIP for July 2023: 142.0 overall, with 111.9 for Mining, 141.2 for Manufacturing, and 204.0 for Electricity.
This is the fourth instance of the consumer price index (CPI) was above the upper limit of the 4+/- 2 per cent band of RBI’s medium-term inflation target.