Summary:

The Quick Estimates of the Index of Industrial Production (IIP) for July 2024 indicate a 4.8% increase, up from 4.7% in June. Mining grew by 3.7%, manufacturing by 4.6%, and electricity by 7.9%. The overall IIP is 149.6, an increase from 142.7 in July 2023, with sector indices at 116.0, 148.6, and 220.2, respectively.

Key contributors to the manufacturing sector include electrical equipment (28.3%), coke and refined petroleum products (6.9%), and basic metals (6.4%). Use-based classifications show indices of 150.1 for primary goods, 114.4 for capital goods, 164.3 for intermediate goods, and 178.7 for infrastructure/construction goods, with growth rates of 5.9%, 12.0%, 6.8%, and 4.9%, respectively. Consumer durables increased by 8.2%, while consumer nondurables fell by 4.4%.

Source: IBEF 

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