India’s Industrial Production Growth Declines to 4.2% in June 2024
India’s industrial production, as measured by the Index of Industrial Production (IIP), grew by 4.2% in June 2024, marking the slowest growth in five months. This slowdown was driven by a deceleration in government capital expenditure and weak rural demand, which affected manufacturing growth. Key Highlights IIP Figures: The IIP for June 2024 stands at …
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