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IIP: India's Industrial Output Grows 5.7% In February

February's Index of Industrial Production jump compares with a revised estimate of 4.13% growth in January.

<div class="paragraphs"><p>(Source: Unsplash)</p></div>
(Source: Unsplash)

India's industrial output rose by 5.7% in February, led by mining and consumer durables. The Index of Industrial Production's surge during the month compares with a revised estimate of 4.13% growth in January, according to data published by the Ministry of Statistics and Programme Implementation on Friday.

Economists polled by Bloomberg had forecasted February IIP growth at 6%.

Sectoral Estimates (YoY)

  • Mining output rose by 8%.

  • Manufacturing output expanded by 5%.

  • Electricity generation increased by 7.5%.

Industrial output, as classified by the end use of goods, showed:

  • Primary goods output rose 5.9%.

  • Capital goods output increased 1.2%.

  • Intermediate goods output rose 9.5%.

  • Infrastructure and construction goods output gained 8.5%.

  • Consumer durables output rose 12.3%.

  • Consumer non-durable output fell 3.8%.

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