India's July Industrial Output Growth Slows to 6.7% Year-on-Year
India’s industrial output growth slowed to 6.7% year-on-year in July, according to data released on August 28, 2026. This marks a decline from the revised 8.8% recorded in June and fell short of economists’ expectations for a slowdown to around 6%. The contraction was primarily driven by declining mining activity, which dropped 0.9%, while manufacturing growth also eased to 7.3% compared to 9.5% previously. Electricity generation rose modestly at 8.7% year-on-year in July but slowed from a revised increase of 11.3% the previous month. Consumer durables, including cars and phones, saw strong growth at 10.5%, while consumer non-durables like food items fell by 1%. Capital goods output rose to 16.1%, though slightly below June’s revised figure. The government had changed its methodology in May from wholesale prices to producer prices for calculating factory output, which may have influenced the results.
Topics: India industrial growth manufacturing mining