Factory output in July: Index of Industrial Production (IIP) rises by 2.6 per cent
- David Headley connects the dots: Hafiz Saeed, ISI, failed Mumbai attacks
- David Headley: Travelled to India 8 times, changed name for passport
- Rs 1.14 lakh crore of bad debts: The great government bank write-off
- Caste came up in 3 suicide probes at Hyderabad University
- Uttar Pradesh has been turned into 'Islamic state': Sena mouthpiece on Ghulam Ali concert
After contracting for two straight months, factory output (Index of Industrial Production - IIP) in India entered the positive zone in July, recording a growth of 2.6 per cent on account of improved performance of manufacturing and power sectors.
Factory output measured in terms of the IIP had contracted 0.1 per cent in July last year, as per the data released by Central Statistical Organisation today.
Meanwhile, IIP for June was revised upwards to a decline of 1.78 per cent from a provisional 2.2 per cent dip in production. It contracted by 2.8 per cent in May this year.
During April-July this year, factory output contraction remained flat at 0.2 per cent.
The manufacturing sector, which constitutes over 75 per cent of the index, grew by 3 per cent in July compared to zero growth in the month a year earlier. During April-July, the sector saw a decline of 0.2 per cent compared with a contraction of 0.6 per cent in the period last year.
Power generation increased by 5.2 per cent in July as against a growth of 2.8 per cent in same month in 2012. Power generation in the April-July grew 3.9 per cent compared with an expansion of 5.5 per cent in same period last year.
Output of capital goods, a barometer of demand, grew by 15.6 per cent in July compared with a decline of 5.8 per cent in the same month a year earlier. During April-July, capital goods production grew 1.8 per cent compared with a production drop of 16.8 per cent in same period last year.
- We have turned our back to the intense food and drinking water distress
- Strategies anchored in incubators fail to foster entrepreneurship
- Existing regime of film censorship is unconstitutional
- Section 377: A right to love
- PM Oli has been lucky, but his political survival looks uncertain
- Across the aisle- MGNREGA: Making a meal of words