India's Index of Industrial Production (IIP) saw a growth of 4.8 per cent in the month of July, an improvement over its performance in June when it came at 4.7 per cent, data from the Ministry of Statistics showed on Thursday. Similarly, the growth rates for three sectors -- mining, manufacturing and electricity -- were 3.7 per cent, 4.6 per cent and 7.9 per cent, correspondingly.
The quick estimates of IIP stood at 149.6 against 142.7 in July.
In value terms, the corresponding indices of industrial production for mining, manufacturing and electricity for the month of July this year were 116.0, 148.6 and 220.2, respectively. The three top positive contributors in the manufacturing sector for July 2012 were "Manufacture of basic metals" with 6.4 percent, "Manufacture of coke and refined petroleum products" contributing 6.9 percent, and "Manufacture of electrical equipment" with 28.3 percent.
"Based on use-based classification, the top three positive contributors to the growth of IIP for the month of July are -- primary goods, intermediate goods, and consumer durables," said the ministry.
The indices stood at 150.1 for primary goods, 114.4 for capital goods, 164.3 for intermediate goods, and 178.7 for infrastructure/construction goods.
Further, the indices for consumer durables and consumer non-durables stood at 126.6 and 146.8, respectively.
While India's core sector, that includes coal, electricity, steel and cement, grew 6.1 per cent in July after slowing to 4 per cent in June, latest data by the Commerce Ministry showed.
This takes the growth rate of the 8 core sector industries, for the first four months of the current financial year 2024-25, to 6.1 per cent against 6.6 per cent during the same of the previous year. This combined Index of eight core sector Industries measures the output of key sectors that include cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products, and steel which together have a 40 percent weight in the IIP.
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