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Printing double digit number of second straight month, India's industrial production rose 12.3 per cent in June 2022 mainly due to strong performance by manufacturing, power and mining sectors. Though, factory output, measured in terms of the Index of Industrial Production (IIP), is lower than 19.6 percent recorded in May this year. The IIP had grown by 13.8 per cent in June 2021. For the month of June 2022, the Quick Estimates of IIP with base 2011-12 stood at 137.9. During April-June this year, IIP grew 12.7 percent as against 44.4 percent growth in the same period a year ago.

As per the data, the manufacturing sector expanded by 12.5 percent in June 2022 compared to 13.2 percent recorded in the year-ago period. The power sector showed a growth of 16.4 percent as against 8.3 percent a year ago, while the mining sector witnessed an expansion of 7.5 percent in June 2022 compared to a 23.1 percent growth last year. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2022 stood at 113.4, 136.3 and 196.9 respectively.

Capital goods output, which is a barometer of investment, rose by 26.1 percent in June 2022 against 27.3 percent in the year-ago month. The consumer durables segment grew by 23.8 percent against 28 percent a year ago. The primary goods segment, which accounts for nearly 34 percent of the index, expanded by 13.7 percent in June compared to 12 percent growth a year ago. The consumer non-durable segment grew by 2.9 percent in June compared to a contraction of 3.9 percent in the same month a year ago.