India’s industrial output grew by 11.5% in July
The Hindu
Manufacturing, mining and electricity output recorded double digit growth in July
India’s industrial output grew by 11.5% in July compared to a 10.5% contraction a year ago, as per quick estimates from the National Statistical Office (NSO) released on Friday. Output measured by the Index of Industrial Production (IIP) had grown 13.6% in June and 28.6% in May, owing to the base effects of the national lockdown in 2020 that hit most economic activity. Manufacturing, mining and electricity output recorded double digit growth in July at 10.5%, 19.5% and 11.1%, respectively, as per the IIP. Last July, these sectors had contracted by 11.4%, 12.7% and 2.5%, respectively.
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