Industrial output growth a tad slower at 6.7% in September, expansion led by manufacturing, electricity generation
New Delhi, Oct. 28 -- Growth in India's factories and power plants continued in September, at a slower pace. IIP rose 6.7% from a year earlier, down from revised 7.8% in August, as manufacturing lost some steam and mining slipped further, government data showed on Wednesday.
Manufacturing, which accounts for about three-quarters of the index, grew 7.6%, down from 8.6% the month before, according to provisional data released by the ministry of statistics and programme implementation (MoSPI) on Wednesday. Power generation rose by 11.2% as electricity demand remained strong. Mining went the other way, with output down 6.2%.
Machinery and equipment that companies buy to expand rose 10.4%, pointing to firmer investment. Everyday consumer goo...
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