India's industrial production rose 5.9% YoY in May, reaching a seven-month high, led by power and mining sectors.

India's industrial production increased 5.9% year-on-year in May, hitting a seven-month high, driven by strong performances in the power and mining sectors. The mining sector saw a 6.6% increase, while electricity generation grew 13.7%. The manufacturing sector showed a slower growth rate of 4.6%. Consumer durables production surged by 12.3%. This growth surpassed the 5% recorded in April and was the highest since October 2021.

July 12, 2024
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