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.
The IIP was 4.2% in April, according to information made public by the Ministry of Statistics and Programme Implementation on Friday.
IIP for India fell to 1.1% in March, its lowest level in five months. However, it has now been changed to 1.7%.
The previous month with the lowest growth rate was October 2022, when it shrank by 4.1%.
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.