Industrial production grows to 7-month high of 5.9% in May: Govt data | Business News

India’s industrial production grew to a seven-month high of 5.9 per cent in May 2024, mainly due to good showing by power and mining sectors, according to official data released on Friday. The factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5 per cent in April, 5.4 per cent in March, 5.6 per cent in February and 4.2 per cent in January 2024. The IIP was 4.4 per cent in December and 2.5 per cent in November 2023. The previous high of IIP was…

Palm oil: India’s May palm oil imports hit 7-month high despite Indonesia’s embargo-dealers

[ad_1] of India bribe Exports in May were the highest in seven months and were up 15% in April as the country imposed curbs on Indonesian export By sourcing more commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said. buy more by Indiaworld’s largest importer Vegetable oilSupport may be provided to Malaysian palm oil prices, which are trading near record highs. According to the average estimate of the five dealers, India imported 660,000 tonnes of palm oil in May, up from 572,508 tonnes in April. Indian imports…