NEW DELHI, Sept. 12 (Xinhua) -- India's factory activity growth, determined by the Index of Industrial Production (IIP), grew 4.8 percent in July, the government data showed Thursday.
"The growth rates of the three sectors, mining, manufacturing and electricity for the month of July 2024 are 3.7 percent, 4.6 percent and 7.9 percent, respectively," said the data issued by the federal ministry of statistics and program implementation (MoSPI).
According to the ministry, the quick estimates of the IIP stands at 149.6 against 142.7 in July 2023.
"The indices of industrial production for the mining, manufacturing and electricity sectors for the month of July 2024 stand at 116.0, 148.6 and 220.2 respectively," the MoSPI said.
The data revealed that within the manufacturing sector, top three positive contributors for the month of July 2024 are manufacture of basic metals (6.4 percent), coke and refined petroleum products (6.9 percent), and electrical equipment (28.3 percent).
"As per the use base classification, the indices stand at 150.1 for primary goods, 114.4 for capital goods, 164.3 for intermediate goods and 178.7 for infrastructure/construction goods for the month of July 2024. Further, the indices for consumer durables and consumer non-durables stand at 126.6 and 146.8 respectively," the MoSPI said.
