Mining sector pushes IIP to 4-mth high of 5.7%

New Delhi: India’s industrial production growth accelerated to a four-month high of 5.7 per cent in February 2024, mainly due to the good performance of the mining sector, according to official data released on Friday.

The factory output growth measured in terms of the Index of Industrial Production (IIP) was 6 per cent in February 2023. The previous high of IIP was recorded at 11.9 per cent in October 2023, which slowed to 2.5 per cent in November, 4.2 per cent in December and 4.1 per cent in January 2024.

During the April-February period of 2023-24, IIP growth touched 5.9 per cent, up from 5.6 per cent in the year-ago period.