IIP grows 0.2% in Sept, enters positive territory after 6-month contraction

Amid a recessionary outlook, India’s industrial activity returned to the growth territory in September after a gap of six months. Data released on Thursday showed a small uptick led by recovery in consumer goods, electricity and mining sectors. 

This post-Covid revival could be attributed to pre-festival stocking and a favourable base, but economists have cautioned against its sustainability in the near run.

The index of industrial production (IIP) grew by 0.2 per cent in September on a year on year basis compared to a 7.36 per cent contraction posted in August, according to data by the national statistical office. The industrial growth