Industrial output stages a comeback: Rises 1.2% in July despite GST

After registering a 48-month low in June, industrial output in the country staged a comeback, rising 1.2 per cent year on year in July. A marginal rise in manufacturing and growth in mining and electricity helped the recovery.

Figures for the Index of Industrial Production (IIP), released by the government on Tuesday, showed that the roll-out of the Goods and Services Tax (GST) on July 1 did not push industrial production into a negative zone, as some experts had predicted.

In June, the index had contracted by 0.1 per cent, owing to a severe contraction in manufacturing. Before this, the