The manufacturing industry grew by 12.5 percent in June 2022.
New Delhi:
Industrial production in India grew 12.3 percent for the second straight month in June, mainly due to the strong performance of the manufacturing, energy and mining sectors, according to official data released on Friday.
However, the data showed that industrial production growth is below 19.6 percent recorded in May this year. In April it was still 6.7 percent.
Factory output, measured in terms of the Index of Industrial Production (IIP), was up 13.8 percent in June 2021, the data shows.
Manufacturing grew 12.5 percent in June 2022, compared to 13.2 percent in the same period a year ago, according to data released by the Ministry of Statistics and Program Execution.
The energy sector grew 16.4 percent from 8.3 percent a year ago, while the mining sector grew 7.5 percent in June 2022, compared to a 23.1 percent growth last year.
In April-June of this year, IIP grew 12.7 percent, from 44.4 percent in the same period a year ago.
Capital goods output, a barometer of investment, rose 26.1 percent in June 2022, from 27.3 percent in the same month a year earlier.
The consumer discretionary segment grew 23.8 percent, from 28 percent a year ago.
The primary goods segment, which accounts for nearly 34 percent of the index, grew 13.7 percent in June, compared to 12 percent a year ago.
The consumer staples segment grew 2.9 percent in June, compared with a 3.9 percent contraction in the same month a year ago.
The ministry said the growth rates over the corresponding period from the previous year should be interpreted given the unusual circumstances caused by the COVID-19 pandemic since March 2020.
(Except for the headline, this story has not been edited by DailyExpertNews staff and has been published from a syndicated feed.)
