India’s industrial production growth moderated in June, data from the Ministry of Statistics and Programme Implementation showed Monday.
Industrial production rose 1.5 percent year-over-year in June, after an upwardly revised 1.9 percent growth in May. The expected increase was 2.4 percent.
Further, this was the weakest rate of increase since the current sequence of growth began in September 2024.
The overall growth in June was mainly driven by a 3.9 percent expansion in the manufacturing sector. Meanwhile, the growth was mainly curbed by an 8.7 percent decline in mining output. Electricity production was also 1.9 percent lower compared to last year.
During the April-June period, total industrial production advanced 2.0 percent compared to the corresponding period last year.
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