Now Reading: Industrial growth hits 23-month high of 7.3% in June
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Industrial growth hits 23-month high of 7.3% in June
India’s industrial output grew 7.3% in June, the fastest since July 2024, official data showed. The manufacturing sector expanded 7.8%, electricity generation rose 10.6% partly due to a heatwave, and capital goods…
The Story in Brief
India’s industrial output grew 7.3% in June, the fastest since July 2024, official data showed. The manufacturing sector expanded 7.8%, electricity generation rose 10.6% partly due to a heatwave, and capital goods output jumped 14.2%. Consumer durables climbed 7.7% and non-durables 4.9%, suggesting demand recovery.
Analysts caution that a below-normal monsoon and West Asia conflict threaten rural demand and fuel prices. Brickwork Ratings' Vikrant Chaturvedi said sustaining growth depends on resilient domestic investment. The data was released by the Ministry of Statistics on Tuesday.
The Indian Opinion
The 7.3% growth is a welcome number, but too early to call a sustained recovery. The electricity surge partly reflects a base effect from last year’s contraction. Monsoon worries and West Asian tensions could weigh on rural demand and push up oil prices. The real test will be whether factory output stays above 5% in the next few months without the one-off heatwave boost.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
