Thu Sep 12 00:37:00 UTC 2024: ## India’s Industrial Production Climbs in July, Driven by Manufacturing and Electricity

**New Delhi, October 10, 2024:** India’s industrial output continued its upward trajectory in July 2024, with the Index of Industrial Production (IIP) recording a robust 4.8% year-on-year growth, according to data released by the Ministry of Statistics and Programme Implementation. This marks an improvement from the 4.7% growth observed in June 2024.

The IIP for July stood at 149.6, a significant increase from 142.7 in the same month last year. Key drivers of this growth were the manufacturing and electricity sectors, registering 4.6% and 7.9% increases respectively. The mining sector also contributed positively, growing by 3.7%.

Within the manufacturing sector, the production of basic metals witnessed a 6.4% growth, while the manufacture of coke and refined petroleum products saw a 6.9% increase. Notably, the manufacture of electrical equipment surged by an impressive 28.3%, making it the top contributor to the sector’s overall growth.

Analyzing the IIP based on the type of goods produced, primary goods recorded an index of 150.1, indicating healthy growth. Capital goods, essential for long-term industrial investments, also showed strong performance, growing by 12% with an index of 114.4. Intermediate goods saw a 6.8% increase, while infrastructure/construction goods reached an index of 178.7, reflecting the continued strength of India’s infrastructure development.

Consumer durables registered a healthy 8.2% growth, demonstrating strong consumer demand. However, consumer non-durables experienced a decline of 4.4%, highlighting some challenges in meeting consumer demand for daily-use products.

The data for June 2024 has been revised, while April 2024 figures have been finalized, reflecting updated information from source agencies. The response rates for the July Quick Estimates, June’s first revision, and April’s final revision were 91%, 94%, and 96% respectively, ensuring reliable and accurate reporting of industrial production data.

The IIP data for August 2024 is scheduled to be released on Friday, October 11.

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