IIP grows by 3.1% in September

Country's Index of Industrial Production, or IIP, grew 3.1% in September. In August, Industrial production had jumped 11.9 percent. IIP has maintained significant growth from March 2021 onwards, aided by a continuing low base effect last year. Among the major sectors, the mining index in September gained 8.6% while the manufacturing Index rose 2.7%. Basic Metal Index advanced 5.4%. Electricity Index inched up 0.9%.