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India's IIP Data Shows 5% YoY Growth in April 2024, Exceeds Estimates
Jun 12, 2024, 12:11 PM
India's industrial production (IIP Data) grew by 5% YoY in April 2024, surpassing the Bloomberg estimate of 4.5% and the previous year's growth rate of 4.6%. This growth was driven by significant increases in the mining, manufacturing, and electricity sectors, which collectively grew by 6.7%. The month-over-month manufacturing output for April was reported at 3.9%, down from 5.2% in the previous month.
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