2024-08-12 05:58:31 pm | Source: Reuters
India's industrial output up 4.2% y/y in June
India's industrial output grew at a lower-than-expected 4.2% year-on-year in June, hurt by weaker manufacturing growth, government data showed on Monday.
Economists polled by Reuters had expected growth of 5.5%. Industrial output growth was revised to 6.2% in May.
Manufacturing output rose 2.6% in June, compared to a 3.5% rise a year ago. Electricity generation was up 8.6%, compared to a 4.2% rise last year, while mining activity grew 10.3% as against a 7.6% increase last year.
For the April-June period, however, industrial output jumped 5.2%, against a 4.7% rise a year earlier.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
India`s cement demand to rise 6-7 pc in FY26 led by ...
1st phase of India`s Deep Ocean Mission on track for...
India poised to emerge as centre of gravity in new w...
India`s industrial production registers 1.2 per cent...
Adani Group, ISKCON serve devotion with nutrition du...
Adani Electricity observes National Electrical Safet...
IPO Note : HDB Financial Services Ltd by Choice Broking
Black Box eyes scalable growth with data centre and ...
IPO Note : Sambhv Steel Tubes Ltd by Choice Broking Ltd
`Backbone of rising India`: PM Narendra Modi highli...
