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India's industrial output growth slumped to a five-month low of 4.2% in June
Manufacturing growth fell to a seven-month low of 2.6% in June, significantly down from previous months.
Why low industrial output growth
This drop is due to reduced output across several manufacturing segments, including beverages, textiles, leather products, and pharmaceuticals.
Power generation growth slowed to 2.8% in June, down from a record high in May.
This decrease is attributed to the receding heat wave, which reduced energy demand.
Production of consumer non-durables shrank by 1.4% compared to last June.
This contraction, indicates weakened consumer demand in this segment.
Growth in capital goods slowed to 2.4%, and intermediate goods production growth cooled to 3.1%.
These sectors are crucial for industrial expansion and their slowdown reflects broader industrial weakness
The growth of infrastructure and construction goods dropped to 4.4%, down from 6.3% in May and 13.3% a year ago.
This indicates a slowdown in construction activities and infrastructure investments.
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