Mining output decreased by 3.3 percent while electricity generation increased by 2.3 percent.
New Delhi:
India’s industrial output growth slowed to a four-month low of 2.4 per cent in July, mainly due to poor performance by the manufacturing, power and mining sectors, according to official data released on Monday.
The data shows that the previous low in industrial production growth was recorded at 2.2 per cent in March this year. IIP grew by 6.7 per cent in April, 19.6 per cent in May and 12.7 per cent in June.
Factory output, measured in terms of the Index of Industrial Production (IIP), grew by 11.5 per cent in July 2021.
According to data released by the Ministry of Statistics and Program Implementation, the manufacturing sector expanded by 3.2 per cent in July 2022 as compared to 10.5 per cent recorded in the year-ago period.
The power sector registered a growth of 2.3 per cent as compared to 11.1 per cent a year ago. The mining sector witnessed a contraction of 3.3 per cent in July 2022 as against a growth of 19.5 per cent in the year-ago period.
IIP grew by 10 per cent during April-July this year as against 33.9 per cent growth in the same period a year ago.
Production of capital goods, which is a barometer of investment, grew by 5.8 per cent in July 2022 as against 30.3 per cent growth in the same month a year ago.
The consumer durables segment grew 2.4 per cent compared to a growth of 19.4 per cent a year ago.
The primary goods segment, which accounts for about 34 per cent of the index, grew 2.5 per cent in July as compared to 12.4 per cent in the year-ago period.
The ministry said that in view of the unusual circumstances due to the COVID-19 pandemic from March 2020 onwards, the growth rate of the corresponding period last year has to be interpreted.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)