In a testament to India’s industrial resilience, the Ministry of Statistics and Programme Implementation released its Quick Estimates of Index of Industrial Production (IIP) for December 2023, showcasing a robust growth of 3.8 per cent.
This uptick, based on a base of 2011-12, underscores the nation’s steadfast progress despite global challenges.
According to the press release by the Ministry, the IIP, a key barometer of industrial activity, soared to 151.5 in December 2023, propelled by notable expansions in the mining, manufacturing, and electricity sectors.
Specifically, the indices for Mining, Manufacturing, and Electricity stood at 139.4, 150.6, and 181.6 respectively, indicating a growth trajectory across essential sectors.
