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Industrial Production Growth Slows to 4.3% in December 2022: NSO Data

  • The National Statistical Office’s (NSO) data shows that Industrial Production (IIP) growth declined to 4.3% in December 2022.
  • The manufacturing-driven slowdown in IIP growth between November and December suggests that the dissipation of festive/pent-up demand could have played a role in industrial activity losing momentum.
  • Capital and infrastructure spending continue to support growth.
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