India's industrial output up 5.7% in Jul; manufacturing output up 4.6%

15 Sep '23

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Industrial output in India rose by 5.7 per cent in July, up from 3.7 per cent in June, official data show.
The manufacturing sector output grew by 4.6 per cent in the month against 3.1 per cent in July 2022.
Between April and July, the growth in the index of industrial production was 4.8 per cent, down from 10 per cent in the corresponding period a year ago.

Industrial output in India rose by 5.7 per cent in July this year, up from 3.7 per cent in June, according to latest data released by the ministry of statistics and programme implementation (MoSPI).

The manufacturing sector output grew by 4.6 per cent in July against 3.1 per cent in the same month last year.

The capital goods segment grew by 4.6 per cent in the month compared to 5.1 per cent in July 2022.

The consumer durables output during the month fell by 2.7 per cent—the same as in the year-ago period. However, consumer non-durables output grew by 7.4 per cent.

The output of primary goods logged 7.6 per cent growth in the month against 2.5 per cent in the year-ago period. The intermediate goods output in July rose by 1.9 per cent compared to a 3.7 per cent growth during the corresponding month last year.

During the April-July period of fiscal 2023-24, the growth in the index of industrial production (IIP) works out to be 4.8 per cent, down from 10 per cent in the corresponding period a year ago.

Industrial production saw a 5.7 per cent year-on-year growth in July. Manufacturing improved to 4.6 per cent from 3.1 per cent previous month.

ALCHEMPro News Desk (DS)

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