India's Industrial Output Rises 4.2% In June

India's industrial output grew at a lower-than-expected 4.2 per cent year-on-year in June, hurt by weaker manufacturing growth, government data showed on Monday.

Manufacturing output rose 2.6 per cent in June, compared to a 3.5 per cent rise a year ago. Electricity generation was up 8.6 per cent, compared to a 4.2 per cent rise last year, while mining activity grew 10.3 per cent as against a 7.6 per cent increase last year.

The corresponding growth rates of industrial output in June 2024 over June 2023 are 6.3 per cent in primary goods, 2.4 per cent in capital goods, 3.1 per cent in intermediate goods, 4.4 per cent in infrastructure/construction goods, 8.6 per cent in consumer durables and -1.4 per cent in consumer non-durables.

For the April-June period, however, industrial output jumped 5.2 per cent, against a 4.7 per cent rise a year earlier.