French Prez Macron calls Russian annexation blatant breach of international law, Ukrainian sovereignty
Libas Consumer Products Ltd Announces Rights Issue, Launches Bamboo based Organic Innerwear brand KNG
Industrial production growth declines to 12.3 pc in June
New Delhi: The growth of India's industrial production, measured by the Index of Industrial Production (IIP), declined to 12.3 percent in June as compared to 19.6 percent in the previous month, as per the data released by the Ministry of Statistics & Programme Implementation on Friday.
In June 2021, IIP growth stood at 13.8 percent. The manufacturing sector, which constitutes 77.63 percent of the IIP, posted a growth of 12.5 percent in June, sharply lower than the 20.6 percent growth recorded in the previous month.
The growth of the electricity sector declined to 16.4 percent in June as compared to 23.5 percent recorded in May 2022. The mining sector, which has 14.37 percent weight in the IIP, posted a growth of 7.5 percent in June.
For the month of June 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 137.9 The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of June 2022 stand at 113.4, 136.3 and 196.9 respectively, as per the data released by the Ministry of Statistics & Programme Implementation.
As per the use-based classification, the indices stand at 139.2 for Primary Goods, 102.4 for Capital Goods, 147.3 for Intermediate Goods and 148.9 for Infrastructure/ Construction Goods for the month of June 2022. Further, the indices for Consumer durables and Consumer non-durables stand at 123.9 and 145.9 respectively for the month June 2022. (ANI)