India factory output will increase by 11.5% in July

India’s factory output, measured by the Indices of Industrial Production (IIP), increased 11.5% year-on-year in July, lower than the previous month.

According to a statement from the Ministry of Statistics and Program Implementation, the estimated IIP for July 2021 will be 131.4 from 2011 to 2012.

The IIPs for the mining, manufacturing and electricity sectors in July were 104.6, 130.9 and 184.7, respectively.

According to provincial data, manufacturing output surged 10.5% and mining output increased 19.5% in July 2021. Power generation also increased by 11.1%.

According to the classification by use in July 2021, the index was 128.5 for primary goods, 91.8 for capital goods, 143.1 for intermediate goods, and 143.5 for infrastructure and construction goods.

In addition, the durable and non-durable consumer goods indexes are 119.5 and 146.6, respectively.
Of that month.

In terms of percentages, production of primary goods increased by 12.4% and production of capital goods increased by 29.5%. Intermediate and infrastructure / construction goods production increased 14.1% and 11.6%, respectively. Durable consumer goods increased by 20.2% in July, while non-durable consumer goods production fell by 1.8%.

During the same period last year, IIP shrank by 10.5 percent. In the first quarter of this fiscal year, we saw 34.1% growth compared to the 29.3% reduction in the first quarter of 2009.

The ministry said the June 2021 index received the first revision and the April 2021 index was final revised in light of updated data received from sources, along with a quick estimate of the IIP in July 2021. rice field.

Also read: India’s factory output increased 13.6% year-on-year in June

India factory output will increase by 11.5% in July

Source link India factory output will increase by 11.5% in July

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