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India’s Industrial Output Hits Ten-Month Low of 1.5% in June

Heavy early monsoon rains undercut key sectors, worsening India’s industrial slowdown.

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Overview

  • Mining production plunged 8.7% in June, reflecting severe disruptions from early monsoon flooding.
  • Electricity output contracted by 2.6% as heavy rains weighed on generation capacity.
  • Manufacturing output rose 3.9% with 15 of 23 sub-sectors recording year-on-year gains.
  • The NSO revised May’s IIP growth up to 1.9% from 1.2%, narrowing the sequential slowdown.
  • Quarterly industrial production expanded just 2% in April–June, marking an 11-quarter low.