December 14, 2024
Business

Stimulated Manufacturing, Mining Propel IIP Growth: PHDCCI Report

Mansi
3 hours Ago

IIP grows at 3.5% in October 2024, from 3.1% September 2024, driven by steady growth in mining and manufacturing activity, said Mr. Hemant Jain, President, PHD Chamber of Commerce and Industry.

The continuous improvement in IIP is led by manufacturing growing at 4.1%, electricity at 2% and mining growing at 0.9% in October 2024, from 3.9%, 0.5% and 0.2% in September 2024, respectively, said Mr. Jain.

The growth in primary goods (2.6%), intermediate goods (3.7%), infrastructure/construction goods (4%) and consumer non-durables (2.7%), is boosting the rise in IIP, said Mr. Hemant Jain.

Moving ahead, we expect continuous growth of IIP supported by great hand-holding by the government, said Mr. Jain.

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