IIP comes in at 4.8% on year in July

The index of industrial production or IIP growth rate for July 2024 is 4.8%, up marginally from 4.7% in June 2024, latest data showed. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of July 2024 are 3.7 percent, 4.6 percent and 7.9 percent respectively. The Quick Estimates of IIP stands at 149.6 against 142.7 in July 2023. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of July 2024 stand at 116.0, 148.6 and 220.2 respectively.