India’s industrial output surged 5.7% in July, up from 3.7% in June 2023, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. Factory output measured in terms of Index of Industrial Production (IIP) for July 2022 stood at 2.2%.
The mining output for July 2023 rose to 10.7%, up from -3.3% in the year ago period.
Meanwhile, the manufacturing sector output grew by 4.6% in July this year as against 3.1% in July 2022.
The official data also showed that electricity output for the said month registered a growth of 8% as against 2.3% in July 2022.
As per use-based classification, the capital goods segment grew 4.6% in July this year compared to 5.1% a year ago.
Consumer durables output during the month declined by 2.7% remaining same as in the year-ago period. However, consumer non-durables output grew by 7.4%.
Infrastructure/construction goods posted a growth of 11.4% over 4.8% expansion in the same period a year ago.
The data also showed that the output of primary goods logged 7.6% growth in the month against 2.5% in the year-ago period.
The intermediate goods output in July rose 1.9% compared to a 3.7% growth during the corresponding month last year.
During the April-July period of fiscal 2023-24, the growth in IIP works out to be 4.8%, down from 10.0% in the corresponding period a year ago.
