India's Industrial Output Rises 7.3% in June, Fastest Growth Since July 2024
India’s industrial output grew by 7.3% year-on-year in June 2026, the fastest pace since July 2024, driven primarily by a strong manufacturing sector and increased electricity generation. The growth exceeded economists' expectations of 5.7%, with manufacturing alone rising to 7.8%. This acceleration is attributed to sustained government spending and continued expansion in energy production. The data also showed robust performance across key sectors: mining activity improved from a revised decline in May, consumer durables like cars and phones saw growth, and capital goods output remained strong although slightly slower than the previous month. Over the April-June quarter, industrial output grew 5.8%, up from 3.4% during the same period last year. Economists suggest that this momentum is likely to continue due to sustained consumption patterns in India’s growing economy.
Topics: economic_growth government_spending India manufacturing