India's industrial output grows by 4.3% in July 2019
Business & Economy

India's industrial output grows by 4.3% in July 2019

NetIndian News Network

New Delhi, September 12, 2019

India's industrial output grew by 4.3 per cent in July 2019 as compared to the level in the same month of 2018, official data released here today said.
Industrial output growth had slowed down to 1.17% in June, revised figures for the month showed.
An official press release, citing the data said the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of July 2019, stood at 131.1. The cumulative growth for the period April-July 2019 over the corresponding period of the previous year stood at 3.3%.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of July 2019 stood at 100.2, 132.9 and 169.7, respectively, with the corresponding growth rates of 4.9%, 4.2% and 4.8% as compared to July 2018.
The cumulative growth in these three sectors during April-July 2019 over the corresponding period of 2018 was 3.4%, 2.8% and 6.6%, respectively.
The release said 13 of the 23 industry groups in the manufacturing sector showed growth during July 2019 as compared to the same month last year. The industry group ‘Manufacture of food products’ showed the highest growth of 23.4%, followed by 17.3% in ‘Manufacture of basic metals’ and 15.0% in‘Manufacture of wearing apparel’.
On the other hand,  the industry group ‘Manufacture of paper and paper products’ showed the highest negative growth of (-) 15.4%, followed by (-) 13.3% in ‘Manufacture of motor vehicles, trailers and semi-trailers’ and (-) 10.9% in ‘Printing and reproduction of recorded media’.
According to the release, the growth rates in July 2019 over July 2018 were 3.5% in Primary goods, (-) 7.1% in Capital goods, 13.9% in Intermediate goods and 2.1% in Infrastructure/ Construction Goods.
Consumer durables and Consumer non-durables recorded growth of (-) 2.7% and 8.3%, respectively.
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