Industrial production downgrade rate declined to 4.2% in June

New Delhi, August 13
India’s industrial output decrease to a 5-month low of 4.2% in June 2024, according to official data released on Monday, mainly due to the poor performance of the manufacturing sector, although the power and mining sectors continued to perform well.
Factory output inflation, measured in terms of the Index of Industrial Production (IIP), stood at 6.2 percent in May, 5% in April, 5.5% in March, 5.6% in February and 4.2% in January 2024.
During the April-June period of the current financial year, IIP growth was 5.2% as against 4.7% in the same period last fiscal.
India’s index of industrial production gain by 4 percent in June 2023, according to a statement from the Ministry of Statistics and Program Implementation.
Manufacturing sector growth slowed to 2.6 percent in June, from 3.5 percent a year ago.