economic policy & Labour

Slow Manufacturing Growth and Consumption Demand

THE quick estimates of index of industrial production (IIP) released on August 11, 2023 by the National Statistical Office provides the estimates for June 2023 with base year 2011-12. These quick estimates undergo revisions by the NSO in subsequent releases. But the decline in manufacturing and industrial growth reflected in the movements of IIP estimates also corroborates the trends of First Advance Estimates (FAE) of GDP figures in respective sectors.


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