India’s industrial production contracts 0.1% in August

14 Oct 2024 Evaluate

India’s industrial production, measured in terms of the Index of Industrial Production (IIP), turned negative as it contracted by 0.1 per cent in August 2024, after a gap of nearly two years, mainly due to a decline in the mining and power generation sectors’ output, in addition to an almost flat expansion in the manufacturing sector. According to the data released by the National Statistical Office (NSO), factory output growth has also been revised downwards for July to 4.7 per cent from the earlier estimate of 4.8 per cent. The IIP growth in August 2023 was 10.9 per cent. The Quick Estimates of IIP stood at 145.6 against 145.8 in August 2023. The last contraction in IIP was witnessed in October 2022, when the output index declined by 4.1 per cent. During April-August 2024-25, the IIP growth was 4.2 per cent lower against 6.2 per cent a year ago.

The data showed that the growth rates in mining, manufacturing and electricity during August 2024 were (-) 4.3 per cent, 01 per cent and (-) 3.7 per cent, respectively. It is likely that the decline in the growth of the mining sector is due to heavy rainfall in the month of August 2024. Within the manufacturing sector, top three positive contributors for the month of August 2024 are – ‘Manufacture of basic metals’ (3.0%), ‘Manufacture of electrical equipment’ (17.7%), and ‘Manufacture of chemicals and chemical products’ (2.7%). The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2024 stood at 107.1, 145.9 and 212.3 respectively.

As per the use-based classification released by the NSO, the output of primary goods contracted by 2.6 per cent in August against a growth of 12.4 per cent a year earlier. The capital goods segment growth decelerated to 0.7 per cent in August 2024 from 13.1 per cent in the year-ago period. The expansion in the intermediate goods segment was 3 per cent down as compared to 7.4 per cent in the year-ago period. According to the data, infrastructure/construction goods reported a growth of 1.9 per cent in August 2024, down from a 15.7 per cent expansion in the year-ago period. Consumer durable goods production growth too slowed to 5.2 per cent during the reporting month compared to an expansion of 6 per cent in August 2023. Consumer non-durables output contracted by 4.5 per cent against a growth of 9.9 per cent in August 2023.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.