Business Blog: Industrial production grows 5.2% in May

Wednesday, July 12, 2023

Industrial production grows 5.2% in May

India's industrial production rose to 5.2% in May 2023 from 4.5% in April 2023 due to a good performance by the manufacturing and mining sectors, according to official data. The growth in the Index of Industrial Production (IIP) stood at 19.7% in May 2022, mainly due to a lower base effect.

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