July’s industrial output increased by 4.8%.

India’s Industrial Output Growth in July
• Industrial output in India grew 4.8% in July, the second-slowest pace in FY25.
• Mining and electricity growth slowed, and nonconsumer durables’ output fell by 4.4%.
• The Index of Industrial Production (IIP) fell to a three-month low, with output levels declining 0.73% from June.
• Manufacturing output growth increased to 4.6% in July, but mining grew only 3.7%.
• Electricity generation growth slowed to 7.9% from 8.6% in June.
• Capital goods output grew at the sharpest pace of 12%, while intermediate goods production rose 6.8%.
• Primary goods growth slowed to 5.9% from 6.3% in June, while infrastructure and construction goods rose 4.9%.
• Consumer durables’ output grew 8.2% from last August, but non-durables’ output fell a sharp 4.4%.
• Overall industrial output climbed 5.2% between April and July.