The industrial output grew 3.8 per cent in June, signalling that the economic growth could see an upturn in the coming days.
For April-June 2015, Index of Industrial Production (IIP) growth was recorded at 3.2 per cent, official data released on Wednesday showed. Index of Industrial Production (IIP) had recorded 2.7 percent growth in May 2015.
The June IIP print of 3.8 per cent was however much lower than 4.3 per cent growth recorded in June last year.
For the April-June period last year, the IIP growth stood at 4.5 per cent.
MANUFACTURING SURGES
The heartening factor about the latest IIP print is the strong performance of manufacturing, which grew 4.6 per cent in June 2015 as against 2.9 per cent in June last year.
Manufacturing has weightage of 75 per cent in the index of industrial production (IIP).
MINING, ELECTRICITY DISAPPOINTS
Both mining and electricity sectors disappointed for the month under review.
While mining output contracted 0.3 per cent in June 2015 as against a growth of 4.8 per cent in June last year, electricity generation grew 1.3 per cent in June 2015 as against 15.7 per cent growth seen in June last year.