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In June, IIP growth decreased to 3.7%

<p>According to official statistics, the index of industrial production (IIP) in India declined to 3.7% in June from a three-month high of 5.2% in May 2023 mostly because of the weak increase in manufacturing output, which increased by 3% compared to 5.8% in May.<img decoding=”async” class=”alignnone wp-image-124618″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-download-2023-08-12t095713.244-11zon.jpg” alt=”theindiaprint.com download 2023 08 12t095713.244 11zon” width=”1034″ height=”688″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-download-2023-08-12t095713.244-11zon.jpg 275w, https://www.theindiaprint.com/wp-content/uploads/2023/08/theindiaprint.com-download-2023-08-12t095713.244-11zon-150×100.jpg 150w” sizes=”(max-width: 1034px) 100vw, 1034px” title=”In June, IIP growth decreased to 3.7% 3″></p>
<p>The IIP was 4.2% in April, according to information made public by the Ministry of Statistics and Programme Implementation on Friday.</p>
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<p>IIP for India fell to 1.1% in March, its lowest level in five months. However, it has now been changed to 1.7%.</p>
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<p>The previous month with the lowest growth rate was October 2022, when it shrank by 4.1%.</p>
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<p>IIP growth was 4.5% in the first quarter of 2023–2024, down from 12.9% in April–June 2022, when the data was enhanced by a positive base effect.</p>
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