India's industrial output growth slows to 6.7% in September as mining contracts

India’s industrial production expanded 6.7% year on year in September, slower than August’s revised 7.8% and below the 7.3% forecast in a Reuters poll, Business Recorder reported. Manufacturing growth eased to 7.6% from 8.6%, while electricity generation increased 11.2%, compared with 12.3% in the previous month.

Mining output declined 6.2%, a sharper contraction than August’s revised 4.6%. Consumer durables production rose 6%, down from 10.5%, while non-durables increased 1.4% after falling 1.1% in August; capital goods growth also slowed to 10.4% from 15.9%. Across April to September, industrial output grew 6.8%, against 4.4% in the same period a year earlier. These figures provide a snapshot of activity across India’s industrial sectors, including manufacturing, power and mining.