New Delhi, Apr 12 (FN Representative) India’s factory output measured in terms of Index of Industrial Production (IIP) grew 5.7% year-on-year (YoY) in the month of February 2024, data from Ministry of Statistics & Programme Implementation (MoSPI) showed on Friday. While mining sector output recorded 8% growth in February this year, the manufacturing sector grew at a modest pace of 5% during this period. Power sector output registered 7.5% year-on-year growth in February 2024, as per the MoSPI data.
“For the month of February 2024, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 147.2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of February 2024 stand at 139.6, 144.5 and 187.1 respectively,” an official release said. As per the official data, IIP recorded 5.9% growth in April-February period of financial year 2023-24.