IIP - India's Industrial Growth Increased To 4.8% In July: CareEdge

CareEdge Research Report

In line with our expectations, growth in India’s industrial production accelerated to 4.8% in July from an upwardly revised growth of 4.7% last month.

While growth in the electricity and mining sectors moderated, manufacturing sector growth remained healthy. Consumption-related segments painted a mixed picture, as output of consumer durable goods increased by 8.2%, whereas growth in output of non-durable goods contracted by 4.4%.

A broadbased recovery in the private consumption remains crucial for the industrial activity to pick up in the upcoming months. On the brighter side, Q1 GDP data shows a recovery in private consumption expenditure compared to the last year.

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