Industrial Production Increases By 4.2 Per Cent In June As Electric Equipment Manufacturing Grows In Double-Digits

The Quick Estimates of the Index of Industrial Production (IIP) show a 4.2 per cent in June 2024, over the same period of the previous year with the manufacturing of electrical equipment driving the growth.

While the manufacturing sector witnessed only a 2.6 per cent growth, much behind 10.3 per cent in mining and 8.6 per cent in electricity, the electric equipment manufacturing registered growth of 28.4 per cent.

As per Use-based classification, the maximum growth rate was observed of 8.6 per cent in Consumer durables, followed by 6.3 per cent in primary goods in June 2024 over June 2023,