NEW DELHI, OCT 12 : India’s index of industrial production (IIP) rose 10.3% year-on-year in August this year on the back of surge in mining and electricity sector output, as per data released by Ministry of Statistics & Programme Implementation (MoSPI) on Thursday.

The data showed mining sector output jumped 12.3% in August this year while electricity production recorded 15.3% year-on-year growth. Manufacturing sector output increased 9.3% during this period.

“For the month of August 2023, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 145.1. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2023 stand at 111.9, 143.5 and 220.5 respectively,” an official release said.

For the April-August period of the current financial year 2023-24, the industrial production as measured by IIP grew 6.1%.(UNI)