Indiatockguru Team
Index of Industrial Production (IIP) for the month of July 2024 stood at 4.8% compared to 4.7% in the previous month of June. Computed and published by the Central Statistical Organisation (CSO) every month, IIP exhibits growth in major sectors of the economy, mining, manufacturing and electricity.
In July 2024, growth rates of mining, manufacturing and electricity stood at 3.7%, 4.6% and 7.9% respectively. The Quick Estimates of IIP stands at 149.6 in July 2024 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. Within the manufacturing sector, top three positive contributors for the month of July 2024 are – ‘manufacture of basic metals’ at 6.4%, ‘manufacture of coke and refined petroleum products’ at 6.9%, and ‘manufacture of electrical equipment’ at 28.3%.
