India’s industrial production growth decelerated to a four-month low of 2.4 per cent in July, mainly due to poor showing by manufacturing, power and mining sectors, according to official data released on Monday.<\/p>\n
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Photograph: Danish Siddiqui\/Reuters<\/span><\/p>\n The data showed that the previous low in industrial output growth was recorded at 2.2 per cent in March this year.<\/p>\n IIP grew 6.7 per cent in April, 19.6 per cent in May and 12.7 per cent in June.<\/p>\n \u00a0<\/p>\n Factory output, measured in terms of the Index of Industrial Production (IIP), had expanded 11.5 per cent in July 2021.<\/p>\n The manufacturing sector expanded 3.2 per cent in July 2022 compared to 10.5 per cent recorded in the year-ago period, as per the data released by the Statistics and Programme Implementation Ministry.<\/p>\n The power sector showed a growth of 2.3 per cent as against 11.1 per cent a year ago.<\/p>\n The mining sector witnessed a contraction of 3.3 per cent in July 2022 whereas there was a growth of 19.5 per cent in the year-ago period.<\/p>\n During April-July this year, IIP rose 10 per cent as against 33.9 per cent growth in the same period a year ago.<\/p>\n Capital goods output, which is a barometer of investments, rose 5.8 per cent in July 2022 as against 30.3 per cent growth in the year-ago month.<\/p>\n The consumer durables segment grew 2.4 per cent compared to 19.4 per cent growth a year ago.<\/p>\n The primary goods segment, which accounts for nearly 34 per cent of the index, expanded 2.5 per cent in July compared to 12.4 per cent growth in the year-ago period.<\/p>\n The ministry said the growth rates over the corresponding period of the previous year are to be interpreted considering the unusual circumstances on account of COVID-19 pandemic since March 2020.<\/p>\n<\/div>\n[ad_2]\n<\/p>\n News From This Website <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"