Industrial Output Of India Declined By 10.4% In July

Industrial output of India declined by 10.4% in July. The country’s industrial production has registered a decline in July. The country’s industrial production dropped by 10.4 percent in July.

Industrial production declined mainly due to poor performance in the manufacturing, mining, and power sectors. This information has been revealed from the government data released on Friday.

According to the data released, the production of the manufacturing sector has registered a decline of 11.1 percent in July. At the same time, the production of the mining sector has declined by 13 percent, and the power sector production by 2.5 percent.

During this period, the production of primary goods declined by 10.9 percent as compared to July last year, 22.8 percent in the production of capital goods, 12.5 percent in intermediate goods, 10.6 percent in infra and construction goods, and 23.6 percent in consumer durables.

Consumer nondurables saw an increase of 6.7 percent in July compared to July last year. In June too, there was an increase of 14 percent in consumer nondurables.

In the month of July, the production of tobacco products increased by 6.1 percent over the same period last year. However, the production of food items declined by 4.6 percent. Beverage production declined by 33.5.

The Ministry of Statistics and Program Implementation said in its statement, “Due to measures taken by the government to prevent the spread of coronavirus infection and the lockdown implemented across the country, establishments in many industrial areas have not been operational since late March.

The ministry further said in its statement, ‘Due to this the production of these establishments was severely affected during the lockdown. Industrial activities started after the relaxation of the lockdown restrictions.

The Industrial Production Index (IIP) stood at 118.1 points in July 2020. At the same time, earlier it was 54 in April, 89.5 in May, and 108.9 in June.

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