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Industrial growth slows to 5-mth low of 4.2% in June
India's industrial production slowed to a five-month low of 4.2 per cent in June 2024, mainly due to poor performance of the manufacturing sector, though power and mining sectors continue to perform well, as per official data released on Monday.
New Delhi : India's industrial production slowed to a five-month low of 4.2 per cent in June 2024, mainly due to poor performance of the manufacturing sector, though power and mining sectors continue to perform well, as per official data released on Monday.
The factory output growth, measured in terms of the Index of Industrial Production (IIP), was 6.2 per cent in May, 5 per cent in April, 5.5 per cent in March, 5.6 per cent in February and 4.2 per cent in January 2024. During the April-June period this fiscal, the IIP growth was 5.2 per cent against 4.7 per cent in the same period of the preceding financial year.
India's Index of Industrial Production grew by 4 per cent in June 2023, according to a statement by the Ministry of Statistics & Programme Implementation. As per the data, the mining output growth accelerated to 10.3 per cent in June against a 7.6 per cent expansion in the year-ago month. The manufacturing sector's growth decelerated to 2.6 per cent in June compared to 3.5 per cent a year ago.
