India’s industrial production sees a 4.8% increase in July

India’s Index of Industrial Production (IIP) grew by 4.8% in July, up from 4.7% in June, according to data released by the Ministry of Statistics on Thursday.

The growth rates across the major sectors were as follows: mining at 3.7%, manufacturing at 4.6%, and electricity at 7.9%. The IIP index for July was recorded at 149.6, compared to 142.7 in June.

For July, the indices for the mining, manufacturing, and electricity sectors were 116.0, 148.6, and 220.2, respectively. Within manufacturing, notable contributors included “Manufacture of basic metals” (6.4%), “Manufacture of coke and refined petroleum products” (6.9%), and “Manufacture of electrical equipment” (28.3%).

The ministry highlighted that, based on use-based classification, primary goods, intermediate goods, and consumer durables were the top contributors to the IIP growth for July. The indices for these categories were 150.1 for primary goods, 114.4 for capital goods, 164.3 for intermediate goods, and 178.7 for infrastructure/construction goods. Consumer durables and consumer non-durables had indices of 126.6 and 146.8, respectively.

In related news, India’s core sector, which includes coal, electricity, steel, and cement, experienced a 6.1% growth in July, recovering from a 4% increase in June, according to Commerce Ministry data. For the first four months of the fiscal year 2024-25, the core sector grew by 6.1%, compared to 6.6% during the same period last year. This index measures the output of key sectors such as cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel, which together account for 40% of the IIP.