Industrial growth in March dipped to 4.9% from February’s 5.7%, as per Ministry of Statistics data. However, the fiscal year FY2424 saw overall growth at 5.8%, an improvement from the previous year. March’s slowdown was mainly due to a drop in mining sector growth to 1.2%, while manufacturing and electricity sectors remained supportive. Key contributors to manufacturing growth were basic metals, pharmaceuticals, and transport equipment. Consumer durables saw a 9.5% rise, while non-durables turned positive after two months of contraction.
March Sees Industrial Growth Slow to 4.9%
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