Industrial Output Eases To 6.7 Per Cent In July
COAL & MINING

Industrial Output Eases To 6.7 Per Cent In July

India's industrial output measured by the Index of Industrial Production moderated to six point seven per cent in July from seven point three per cent in June as mining contracted while manufacturing remained firm. Data from the National Statistical Office showed mining and quarrying output fell by zero point nine per cent in July. Manufacturing, which accounts for over 76 per cent of the IIP, grew by seven point three per cent and electricity and gas supply rose by eight point seven per cent. Rajni Thakur, chief economist at L&T Finance, said capital goods production grew 16 per cent, intermediate goods 10 per cent and consumer durables 11 per cent, indicating broad strength. She added that the trends supported overall industrial activity. Manufacturing expansion was broad-based as 19 of 23 industry groups logged gains. Electrical equipment rose 28.3 per cent, motor vehicles 22.2 per cent, other transport equipment 22 per cent and machinery 12.1 per cent, while non-metallic minerals fell 12.5 per cent and fuel minerals declined one point three per cent. Four sectors contracted in July — pharmaceuticals, tobacco products, chemical products and wearing apparel — with tobacco falling by more than 12 per cent. Passenger vehicle sales, an urban demand indicator, grew 34.3 per cent year on year and tractor sales rose 20.5 per cent, while consumer non-durables weakened with IIP growth slipping to minus one per cent from five point six per cent, according to Dharmakirti Joshi, chief economist at Crisil. For April to July, IIP growth was six point three per cent against four per cent a year earlier. Economists warned growth was expected to moderate in the second half of the fiscal year as Goods and Services Tax rationalisation benefits fade and below-normal rainfall could weigh on rural activity.

India's industrial output measured by the Index of Industrial Production moderated to six point seven per cent in July from seven point three per cent in June as mining contracted while manufacturing remained firm. Data from the National Statistical Office showed mining and quarrying output fell by zero point nine per cent in July. Manufacturing, which accounts for over 76 per cent of the IIP, grew by seven point three per cent and electricity and gas supply rose by eight point seven per cent. Rajni Thakur, chief economist at L&T Finance, said capital goods production grew 16 per cent, intermediate goods 10 per cent and consumer durables 11 per cent, indicating broad strength. She added that the trends supported overall industrial activity. Manufacturing expansion was broad-based as 19 of 23 industry groups logged gains. Electrical equipment rose 28.3 per cent, motor vehicles 22.2 per cent, other transport equipment 22 per cent and machinery 12.1 per cent, while non-metallic minerals fell 12.5 per cent and fuel minerals declined one point three per cent. Four sectors contracted in July — pharmaceuticals, tobacco products, chemical products and wearing apparel — with tobacco falling by more than 12 per cent. Passenger vehicle sales, an urban demand indicator, grew 34.3 per cent year on year and tractor sales rose 20.5 per cent, while consumer non-durables weakened with IIP growth slipping to minus one per cent from five point six per cent, according to Dharmakirti Joshi, chief economist at Crisil. For April to July, IIP growth was six point three per cent against four per cent a year earlier. Economists warned growth was expected to moderate in the second half of the fiscal year as Goods and Services Tax rationalisation benefits fade and below-normal rainfall could weigh on rural activity.

Related Stories

Gold Stories

Next Story
Equipment

Zoomlion Unveils 1,600 HP Hybrid Tractor for Large Farms

Zoomlion Heavy Industry Science & Technology has recently unveiled its 9DX hybrid tractor at the 2026 China International Agricultural Machinery Exhibition in China. Delivering a peak output of 1,600 horsepower, the tractor is claimed by the company to be the world's most powerful and is designed for large-scale, heavy-duty agricultural operations.The 9DX incorporates an in-house-developed digital chassis, core components and intelligent control systems. Its hybrid continuously variable transmission technology and 800-volt dual-motor coupling system generate peak torque of 7,200 Nm, enabli..

Next Story
Infrastructure Urban

BASF Kids' Lab Brings Climate Education to 1,150 Hyderabad Students

BASF, in collaboration with the CSIR-Indian Institute of Chemical Technology (CSIR-IICT), Hyderabad, has recently organised its Kids' Lab programme from 26 to 31 October 2026, aiming to engage 1,150 municipal schoolchildren in hands-on chemistry experiments and climate action awareness.Designed for children aged eight to 12, the initiative encourages scientific curiosity through interactive experiments while introducing concepts related to sustainability, environmental protection and climate change.The BASF Kids' Lab programme operates in more than 30 countries and has reached over 62,000 scho..

Next Story
Building Material

JK Lakshmi Cement Begins Rs 110 Billion Assam Plant Project

JK Lakshmi Cement has recently laid the foundation stone for Project Kamakshi, its first integrated cement manufacturing facility in Assam, marking its entry into Northeast India. The groundbreaking ceremony was held at Umrangso village in Dima Hasao district in the presence of Assam Chief Minister Himanta Biswa Sarma.The project involves an investment of Rs 110 billion, including the mining lease, and will have an annual cement production capacity of 2.5 million tonnes, supported by a 1 million tonne clinkerisation unit. Scheduled for completion by FY2029, the facility is expected to generate..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code