India records 3.1 percent growth in Industrial Production YoY in September

India’s industrial production (IIP) in September grew by 3.1 percent compared to the same period last year. According to government data, the Index of Industrial Production (IIP) had grown by 4.4 per cent in September 2021. Manufacturing sector output grew by 1.8 percent in September 2022. Mining sector production grew by 4.6 per cent and electricity generation by 11.6 per cent during the period under review.

According to the data of the Central Reserve Bank, foreign exchange reserves declined by $ 1.087 billion to $ 529.994 billion in the week ended November 4. In October 2021, the country’s foreign exchange reserves had reached an all-time high of $645 billion.

During this period, gold reserves declined by USD 705 million to USD 37.057 billion.