NEW DELHI, 12th September, 2024 (WAM) -- India's industrial production continued its upward trend in July 2024, with the Index of Industrial Production (IIP) registering a 4.8 percent increase, Asian News International (ANI) reported.
This marks an improvement from the 4.7 percent growth seen in June 2024, according to data released by the Ministry of Statistics and Programme Implementation on Thursday.
The quick estimates for July 2024 show that the IIP stands at 149.6, up from 142.7 in July 2023, reflecting a year-on-year improvement.
Notably, the manufacturing and electricity sectors were significant drivers of this growth, with electricity posting a 7.9 percent increase and manufacturing recording a 4.6 percent rise. The mining sector also contributed, growing by 3.7 percent in the same period.