New Delhi, Sep 12: India’s Index of Industrial Production (IIP) rose by 4.8 per cent in the month of July, improving its performance from 4.7 per cent in June, Ministry of Statistics data showed on Thursday.
The growth rates of three sectors — mining, manufacturing and electricity — were 3.7 per cent, 4.6 per cent and 7.9 per cent, respectively.
The quick estimates of IIP stood at 149.6 against 142.7 in July. The indices of industrial production for the mining, manufacturing and electricity sectors for the month of July stood at 116.0, 148.6 and 220.2, respectively. Within the manufacturing sector, the top three positive contributors for the month of July were “Manufacture of basic metals” (6.4 per cent), “Manufacture of coke and refined petroleum products” (6.9 per cent), and “Manufacture of electrical equipment” (28.3 per cent), according to the data.
“Based on use-based classification, the top three positive contributors to the growth of IIP for the month of July are — primary goods, intermediate goods and consumer durables,” said the ministry.