At 2.9% in February, IIP growth slowest in 6 months
[ad_1] NEW DELHI: Industrial output growth slowed to a 6-month low in Feb, dragged down by sluggish manufacturing and mining sectors, while consumer non-durables remained in contraction territory.Data released by the National Statistical Office (NSO) on Friday showed the index of industrial production (IIP) grew by 2.9% in Feb, slower than the 5.6% in Feb last year and below the 5.2% in Jan.The latest data comes against the backdrop of geopolitical tensions triggered by the bruising tariff war unleashed by US President Donald Trump. Most experts expect a dent to GDP growth although domestic demand is expected to help offset some of the impact.The IIP data showed the manufacturing sector grew by 2.9% in Feb, slower than the 4.9% in Feb last year, while the mining sector rose 1.6% during the month, slower than the 8.1% in Feb 2023-24. The […]