Industrial output expands 3.1% in September on base effect, festivals

Excluding August performance, the September output growth was at a nine-month low. It had increased by 6.4% in September 2023. For the quarter ended September, IIP growth was at a seven-quarter low of 2.6% due to high base effect and weather vagaries. The growth was 4% in the first half of the current financial year, down from 6.2% in the corresponding period last year.