IIP slows to 6.6 percent in July
New Delhi, Sept 12 (IBNS): India's Index of Industrial Production slowed down to touch 6.6 percent in July, officials government data released on Wednesday revealed.
It stood at 7 percent in June.
"The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of July 2018 stands at 125.8, which is 6.6 percent higher as compared to the level in the month of July 2017," read a government statement.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of July 2018 stand at 95.8, 127.6 and 162.1 respectively, with the corresponding growth rates of 3.7 percent, 7.0 percent and 6.7 percent as compared to July 2017 .
The cumulative growth in these three sectors during April-July 2018 over the corresponding period of 2017 has been 5.0 percent, 5.6 percent and 5.3 percent respectively.
"As per Use-based classification, the growth rates in July 2018 over July 2017 are 6.9 percent in Primary goods, 3.0 percent in Capital goods, 1.2 percent in Intermediate goods and 8.4 percent in Infrastructure/ Construction Goods (Statement III). The Consumer durables and Consumer non-durables have recorded growth of 14.4 percent and 5.6 percent respectively," the statement further said.
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