India Industrial production October 2023

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

Industrial output grew 11.7% compared to the same month of the previous year in October, which was above September’s 6.2% increase. The figure 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 October.

Meanwhile, annual average industrial production growth rose to 6.2% in October (September: +4.9%), which marked an over one-year high.

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