Festive Holidays Shatter October IIP Growth to 0.4%, Mining and Electricity Output Uncover Declines
economy
C
CNBC TV18•01/12/2025
Festive Holidays Shatter October IIP Growth to 0.4%, Mining and Electricity Output Uncover Declines
- •October IIP rose 0.4%, down from 4% in September.
- •Festive holidays reduced working days, slowing industrial output.
- •Mining output fell 1.8%, manufacturing grew 1.8%.
- •Electricity generation dropped 6.9% due to lower demand.
- •Consumer durables declined 0.5%, non-durables slipped 4.4%.
Why it matters: Slower industrial growth may affect jobs, investments and consumer spending in the economy.
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