India's industrial production contracts by 4 percent in October
New Delhi: India's industrial production contracted by 4 percent on an annual basis, as per data released by the Indian government on Monday.
For the month of October 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 129.6.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2022 stand at 112.5, 128.7 and 169.3 respectively.
These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.
As per Use-based classification, the indices stand at 131.1 for Primary Goods, 87.7 for Capital Goods, 143.1 for Intermediate Goods and 155.1 for Infrastructure/ Construction Goods for the month of October 2022.
Further, the indices for Consumer durables and Consumer non-durables stand at 109.7 and 129.6 respectively for the month of October 2022.
Along with the Quick Estimates of IIP for the month of October 2022, the indices for September 2022 have undergone the first revision and those for July 2022 have undergone final revision in the light of the updated data received from the source agencies.
The Quick Estimates for October 2022, the first revision for September 2022 and the final revision for July 2022 have been compiled at weighted response rates of 91 percent, 93 percent and 94 percent respectively.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Madhya Pradesh, Tamil Nadu, Kerala ban Coldrif cough syrup after toxic chemical found linked to child deaths
Barack and Michelle Obama celebrate 33 years of marriage with touching tributes and timeless memories
Veteran actress Sandhya, wife of legendary filmmaker V. Shantaram, passes away at 94
Fish trader arrested under POCSO Act for raping a minor in Agartala
