FX.co ★ India’s Manufacturing Output Growth Eases to 7.3% in July, Down from 7.8% in June

India’s manufacturing output growth moderated slightly in July 2026, with the indicator easing to 7.3% from 7.8% in June 2026 on a month-over-month comparison basis, according to data updated on 28 August 2026.

The figures show that while the sector continues to expand at a solid pace, the momentum has cooled somewhat compared with the previous month. The “actual” July reading of 7.3% reflects the change from June to July, whereas June’s 7.8% represented the change from May to June, indicating a mild deceleration in monthly growth.

Despite the slowdown, the data still point to robust manufacturing activity, as output continues to rise rather than contract. Analysts and market participants will likely monitor upcoming releases to determine whether July’s easing marks the start of a broader trend or a temporary pause after strong gains earlier in the summer.