India Industrial production July 2021

India: Industrial output growth continues to moderate in July

Industrial output increased 11.45% compared to the same month of the previous year in July, which was softer than June’s 13.6% increase. The slowdown was largely driven by weaker growth in manufacturing and mining and quarrying output.

Nevertheless, the trend improved, with the annual average growth of industrial production coming in at 17.2% in July, up from June’s 17.2%.

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