India's industrial production grew by an impressive 10.3% in August compared to the same period last year, showing a remarkable rebound from last year's 0.7% contraction. The surge was driven by a 12.3% rise in mining output and a 9.3% growth in manufacturing. Electricity output also saw a substantial increase of 15.3%.
The Index of Industrial Production (IIP) for April-August 2023 showed a 6.1% rise compared to the corresponding period in the previous year. Despite this strong performance, experts anticipate a slight slowdown in the coming months due to various factors, including global economic trends and shifts in domestic demand.