India’s factory output rises to 4.9% in March, grows 5.8% in FY24
Factory output, as measured by the Index of Industrial Production (IIP), rose to 4.9 per cent, much higher than the 1.9 per cent recorded in the same month last year. However, the latest IIP figure was lower than the 5.7 per cent recorded in February 2024. Mining was slower by 1.2 percent in March and by 7.5 percent in the fiscal.