India Industrial production August 2023

India: Industrial output expands at fastest pace since June 2022 in August

Industrial production rose 10.3% year on year in August (July: +6.0% yoy). August’s result marked the best reading since June 2022. The reading reflected a broad-based improvement, with activity in the manufacturing, mining and electricity sub-sectors all improving in August.

Meanwhile, annual average industrial production growth rose to 4.6% in August (July: +3.7%). This signals an improving trend in the industrial sector.

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