India's industrial output in August jumps at 4.3%

The Indian Index of Industrial Production (IIP) for August released on Thursday showed that factory output grew 4.3% against the same month last year on the back of robust mining and electricity sector growth.

General Index for the month of August 2017 stands at 121.5, which is 4.3% higher as compared to the level in the month of August 2016. The cumulative growth for the period April-August 2017 over the corresponding period of the previous year stands at 2.2%.

According to the Ministry of Statistics and Programme Implementation, manufacturing output in the country in July 2017 had grown marginally by 1.2% as compared to the corresponding month of last year.

Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2017 stand at 92.7, 123.3 and 155.4 respectively, with the corresponding growth rates of 9.4%, 3.1% and 8.3% as compared to August 2016 (Statement I). The cumulative growth in these three sectors during April-August 2017 over the corresponding period of 2016 has been 3.3%, 1.6% and 6.2% respectively.

Along with the Quick Estimates of IIP for the month of August 2017, the indices for July 2017 have undergone the first revision and those for May 2017 have undergone the final revision in the light of the updated data received from the source agencies.