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India's industrial production index reaches 145.1 in August 2023

13 Oct '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • India's August 2023 Index of Industrial Production (IIP) reached 145.1, signifying robust industrial performance.
  • Manufacturing stood at 143.5 and electricity at 220.5.
  • Use-based classification highlights primary goods at 145.4, intermediate goods at 156.1.
  • Consumer durables and non-durables reported indices of 122.8 and 147.0, respectively.
In a notable display of economic strength, the latest Quick Estimates of India's Index of Industrial Production (IIP) for August 2023 with base 2011-12 stands at 145.1. This index serves as a key indicator of the country's industrial prowess.

Sector-wise, the manufacturing sector reported an index of 143.5 and electricity soared at 220.5 for the same month.

Use-based classification further enriches the data, revealing indices of 145.4 for primary goods and 156.1 for intermediate goods. Consumer durables and consumer non-durables also feature prominently with indices of 122.8 and 147.0, respectively.

ALCHEMPro News Desk (KD)
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