India’s industrial output increases by 3.7% :-
As per data from the Ministry of Statistics, the mining sector recorded a growth rate of 7.6 percent in June against 6.4 percent in May, an improvement by 0.8 percent month-on-month (MoM) growth seen in the previous month.
According to official data issued on Friday, India’s Index of Industrial Production (IIP) increased by 3.7 percent in June 2023 as opposed to 5.2 percent in May 2023.
According to data from the Ministry of Statistics, the mining industry saw growth rate of 7.6 percent in June as opposed to 6.4 percent in May, an increase of 0.8 percent month-over-month (MoM).
As opposed to this, the manufacturing sector expanded at a rate of 3.1% in June as compared to 5.7% in May. With a growth rate of 4.2 percent in June as opposed to 0.9 percent in May, the electrical sector showed improvement.
