Current Affairs - Economy - Discussion

India's industrial production growth rate in March 2024 was 4.9%, as reported by the Ministry of Statistics and Programme Implementation. This figure represents a decrease from the 5.7% growth recorded in February 2024. Despite the slowdown, the Index of Industrial Production (IIP) for the fiscal year 2023-24 showed a modest increase, reaching 5.8%. The manufacturing sector played a crucial role in this growth, with specific areas such as basic metals, pharmaceuticals, and other transport equipment contributing significantly to the overall industrial output.