The Index of Industrial Production (IIP) witnessed a growth of 4.8 percent in July on an annual basis, compared to 4.7 percent in June, according to data released today by the Ministry of Statistics and Programme Implementation. The three major components of IIP are mining, which registered a growth of 3.7 percent; manufacturing, which grew at 4.6 percent; and electricity, which grew at 7.9 percent.

The capital goods segment saw a growth of 12 percent in July 2024, according to the use-based classification data. However, consumer durables output dipped to 8.2 percent month-on-month in July, compared to 8.6 percent in June, and non-durable consumer goods contracted by 4.4 percent. Infrastructure and construction-related goods slowed to 4.9 percent.