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Anand Rathi Report
India's industrial production growth slowed to 4.2% in June, from 6.2% in May. However, Q1 growth was 5.1%, up from 4.8% a year back. Growth was seen across sectors, barring non-durables, where production declined. While mining and electricity posted healthy growth, manufacturing growth decelerated to2.6%. The slowdown in consumption categories was broad-based.
Mining growth surged to 10.3% in June, the highest in eight months, driven by strong coal production. Electricity production growth slowed due to the monsoon, with further easing expected in July. Manufacturing growth halved in June, leading toa weaker first-quarter growth of 3.8%, down from 5% last year.
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