💨 Abstract

In a two-year gap, India's industrial production decreased by 0.1% in August 2024, primarily due to a decline in the mining and power generation sectors, along with a nearly flat expansion in the manufacturing sector. The contraction in the mining sector is attributed to heavy rainfall. The IIP growth rate for July 2024 was 4.7%, revised downwards from the earlier estimate of 4.8%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖