IIP growth in July declines to 11.5% despite easing of Covid-19 curbs

In the IIP, manufacturing growth declined to 10.5 per cent in July against 12.8 per cent in June

Industrial growth slowed to 11.5 per cent in July against 13.5 per cent in June because expansion in the biggest segment, manufacturing, along with mining, saw deceleration despite easing pandemic-related restrictions.

Much of the slowdown was due to the normalisation of the base as industrial production in volume terms, as measured by the index of industrial production (IIP), contracted 10.6 per cent in July last year, slower than the 16.6 per cent in June that year.

However, all use-based segments except consumer durables have recovered to pre-Covid levels or are above that, proving that industrial activities are perking up, experts said.

The data