Low base effect, along with rising demand pushed India`s industrial output higher by 11.50 %, on a year-on-year basis. The Index of Industrial Production for July rose by over 11 % from a decline of 10.5 % reported for the like month a year ago.
Last year, while the country observed a full-fledged lockdown, the same was partially imposed across different regions of the country.
However, the production rate was flat on a sequential basis.
"For the month of July 2021, the `Quick Estimates of Index of Industrial Production` with base 2011-12 stands at 131.4," the Ministry of Statistics and Programme Implementation said.
"The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of July 2021 stand at 104.6, 130.9, and 184.7, respectively."
Among the major use based segments, the July data, on a YoY basis, showed that manufacturing of primary goods grew by 12.4 % from (-) 10.8 %, while capital goods production rose 29.5 % from (-) 22.8 %, and intermediate goods increased by 14.1 % from (-) 10.7 %.
Similarly, the production of infrastructure or construction goods rose by 11.6 % from (-) 8.2 %, and consumer durables' production grew by 20.2 % from (-) 23.7 %. However, the sub-segment of consumer non-durables showed a negative growth of (-) 1.8 % from a rise of 1.8 %.