FX.co ★ India Industrial Production Growth Eases To 4.2%

India's industrial production grew at a slower pace in June, reflecting deceleration in both the electricity and manufacturing sectors, according to data released by the Ministry of Statistics and Programme Implementation on Monday.

In June, industrial output increased by 4.2 percent year-over-year, a decline from the revised 6.2 percent growth observed in May. This was below economists’ expectations, who had predicted growth to slow to 5.5 percent.

Among the three major sectors, electricity output was the primary driver of overall growth, with an 8.6 percent rise. However, this was a significant drop from the 13.7 percent growth recorded in May.

Manufacturing production also saw a reduction in its growth rate, with a year-on-year increase of 2.6 percent compared to 5.0 percent in the previous month. Conversely, the mining sector experienced an acceleration, growing by 10.3 percent, up from 6.6 percent in May.

For the period spanning April to June, industrial production expanded by 5.2 percent compared to the same timeframe last year.