Textile Industry
Industrial Output Accelerates to a 5-Month High in July
Updated:
Highlights:
- IIP growth accelerated to a 5-month high of 5.7% in July.
- Healthy growth in mining and electricity continued; manufacturing output improved.
- Infrastructure goods output rose 11.4%, logging double-digit growth for the 4th straight month.
- Consumer non-durables rebounded with 7.4% growth in July Vs 0.3% growth in the prior month.
- Going ahead, healthy momentum in the infrastructure and construction segment is likely to continue; consumption could get a boost from the upcoming festive season.