New Delhi: Industrial production expanded at a higher rate of 4.2 percent in July this year compared to the same month last year as manufacturing activity and offtake of capital goods improved.
The industrial production had grown by 0.9 percent in July last year.
Industrial growth, measured in terms of the Index of Industrial Production (IIP), was at 3.5 percent in April-July period against 3.6 percent in the year-ago period, the data released by the Central Statistics Office (CSO) today showed.
Moreover, the IIP growth for June has been revised upwards to 4.36 percent from provisional estimate of 3.8 percent released last month.
The manufacturing sector, which constitutes over 75 percent of the index, grew by 4.7 percent in July 2015 against a contraction of 0.3 percent in the same month last year.
The output of capital goods, a barometer of investment, grew at an impressive rate of 10.6 percent against a contraction of 3 percent in the same month last year.
The mining sector growth was at 1.3 percent in July against 0.1 percent in the same month last fiscal.
Power generation growth slowed to 3.5 percent in July compared to 11.4 percent in the same month a year ago.
The consumer durables goods output expanded at 11.4 percent in July compared to a contraction of 20.4 percent in the month a year ago.
Overall consumer goods output rose by 1.3 percent in July compared to a contraction of 5.9 percent in the month a year ago.
In terms of industries, 12 out of 22 groups in the manufacturing sector showed positive growth in July.
