India’s industrial production growth appears to be returning to the recovery track. According to the latest data, India’s industrial production growth in the month of January 2022 stood at 1.3 percent. Let us tell you that in December 2021, industrial production was at a 10-month low. At the same time, industrial production fell by 0.6 per cent in the same period a year ago i.e. in the month of January 2021.
Mining output growth also increased to 2.8 per cent during the month of January, compared to a growth of 2.6 per cent in December. At the same time, manufacturing sector output grew by 1.1 per cent as against a decline of 0.9 per cent in the previous month. Meanwhile, electricity generation growth slowed in January.
Read this-Petrol 50 rupees, diesel 75 rupees expensive, here Indian Oil increased the price in a jolt
The growth in the April-January period of the current financial year stood at 13.7 per cent. There was a contraction of 12 per cent in the same period a year ago.