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Industrial output grows 7.3% in June, fastest in 22 months
India📈 Economy10 hr. ago

Industrial output grows 7.3% in June, fastest in 22 months

Industrial production in India rose 7.3% in June, marking the fastest growth in 22 months, driven by strong performance in manufacturing, electricity, and gas supply. This increase was supported by a low base effect from the previous year and resilient domestic demand despite ongoing challenges such as the crisis in West Asia and unpredictable monsoons. The sequential growth improved from May’s revised 5%. The overall Index of Industrial Production (IIP) for the first quarter (April-June) stood at 5.8%, up from 3.4% a year earlier. Electricity and gas supply saw the highest monthly growth at 10.6%, attributed to sustained heatwave conditions. The manufacturing sector, which constitutes 76% of the IIP, expanded by 7.8%, while other sectors like water supply, sewerage, and waste management grew by 6.1%, and mining and quarrying by 1%. Economists noted that Indian companies effectively sourced materials from alternative markets and utilized domestic inventories to overcome supply chain issues caused by geopolitical conflicts. However, they warned of continued risks from high input prices, uncertain global conditions, and the impact of erratic monsoons on agricultural production and农村(

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Times of India logoTimes of IndiaIndependentCenter10 hr. ago
Industrial output grows 7.3% in June, fastest in 22 months

Industrial production in India rose 7.3% in June, marking the fastest growth in 22 months, driven by strong performance in manufacturing, electricity, and gas supply. This increase was supported by a low base effect from the previous year and resilient domestic demand despite ongoing challenges such as the crisis in West Asia and unpredictable monsoons. The sequential growth improved from May’s revised 5%. The overall Index of Industrial Production (IIP) for the first quarter (April-June) stood at 5.8%, up from 3.4% a year earlier. Electricity and gas supply saw the highest monthly growth at 10.6%, attributed to sustained heatwave conditions. The manufacturing sector, which constitutes 76% of the IIP, expanded by 7.8%, while other sectors like water supply, sewerage, and waste management grew by 6.1%, and mining and quarrying by 1%. Economists noted that Indian companies effectively sourced materials from alternative markets and utilized domestic inventories to overcome supply chain issues caused by geopolitical conflicts. However, they warned of continued risks from high input prices, uncertain global conditions, and the impact of erratic monsoons on agricultural production and农村(

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