Finance
IIP Growth Rebounded to 3.1 per cent in September 2024
Published on
Author: DISHA PRAFUL SUKHANI
Highlights:
- IIP rebounded to 3.1% in September from -0.1% in August.
- Manufacturing sector output grew by 3.9% (Vs 1.1% in August).
- Output of consumer durable and non-durable goods increased by 6.5% and 2%, respectively.
- Recent signs of softening urban demand require close monitoring.
- Improvement in consumption and investment remain crucial for IIP going forward.