India's July industrial output growth slows to 2.1% YoY

New Delhi (IANS) The pace of production at India's eight major industries slowed in July to 2.1 per cent from 7.3 per cent in the year-ago month. However, the index of eight core industries in July was higher compared with June, when it rose by just 0.7 per cent.

The eight core industries, like coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, comprise 40.27 per cent of the weight of items included in the index of industrial production (IIP).

According to the Ministry of Commerce & Industry, the cumulative growth in
April-July of FY20 was 3 per cent compared with 5.9 per cent reported for the same period of the last financial year.