India industrial production growth slows to 6.7% in July

India’s industrial output growth slowed to 6.7% year-on-year in July, according to Index of Industrial Production data, as mining activity contracted and growth in manufacturing and electricity eased. The reading compared with a revised 8.8% increase a month earlier and was above the 6% pace economists polled by Reuters had expected. Manufacturing output rose 7.3% after a revised 9.5% in June, electricity generation increased 8.7% after a revised 11.3%, and mining declined 0.9% after revised growth of 1.6%. Capital goods output rose 16.1%, consumer durables grew 10.5%, and consumer non-durables fell 1%. Industrial output in April–July advanced 6.3%, compared with 4% a year earlier. An alternative account has put overall July growth at 6.8%, with different mining and electricity readings, underscoring discrepancies between reported figures.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.