For the FY23 fiscal, it had risen 5.1 per cent, data showed, as against a growth of 11.4 per cent in 2021-22.
Factory output measured in terms of the Index of Industrial Production (IIP) grew 2.2 per cent in March 2022.
The data released by the National Statistical Office (NSO) showed that the manufacturing sector’s output increased 0.5 per cent in March 2023.
Mining output rose 6.8 per cent during the month under review.
Power output declined by 1.6 in March.
Data released late April had shown that The combined index of eight core industries (ICI) increased by 3.6 per cent in March 2023 over the corresponding period of last year.The production of coal, fertilisers, steel, natural gas and refinery products increased in March 2023 over the corresponding month of last year.
However at the same time output of cement, electricity, and crude oil declined during the period under review.
The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
(With agency inputs)