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March mining output growth slows to 1.2% in signal for IIP

March mining output growth slows to 1.2% in signal for IIP

  • India’s mining output growth slid to a 19 month low

Highlights:

  • This hints at a possible slowing in the month’s overall industrial output,
  • Industrial output growth hit a four-month high of 5.7% in February with mining (8%) and electricity growth (7.5%) lifting growth.

IIP.

  • Manufacturing constitutes 77.6% of the IIP
    • The eight infrastructure sectors make up 40.27% of the IIP
  • Mining constitutes 14.3% of the Index of Industrial Production (IIP).
  • The Index of Industrial Production (IIP) is a measure of the rate of growth in the economy's various industry groups over a given time period.
  • The Central Statistical Organization (CSO) computes and publishes the IIP index on a monthly basis.

Prelims takeaway

  • IIP

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