new Delhi, April 12 -- Growth in India's industrial activity, as measured by the Index of Industrial Production (IIP), slowed down to 2.9% in February compared to a 5.2% growth in January. The February growth rate is the slowest since August 2024, when there was no growth.
In terms of sectors, the slowdown in IIP in February was the result of a slowdown in manufacturing and mining, which have weights of 77.6% and 14.4% in the index. Manufacturing growth slowed to 2.9%, compared to 5.8% in January.
The sector's February growth is the slowest since August 2024, when the sector expanded by 1.2%. Mining expanded by 1.6% in February, the slowest rate since October, when it expanded by 0.9%. The sector expanded by 4.4% in January.
To be sure, ...