The industrial output for July grew by 2.6% over the corresponding
month of the previous year, government data showed on Thursday; The factory
output, measured in terms of Index of Industrial Production (IIP), however,
contracted 2.2% in June.
The
three sectors that constitute the index are mining, manufacturing and
electricity. The indices of industrial production for the mining, manufacturing
and electricity sectors for the month of July 2013 stood at 117.0, 182.7 and
164.5, respectively.
The cumulative
growth for the April-July period this fiscal over the corresponding period of
the previous year is a contraction by 0.2 %.
However, there was
no reprieve in vegetable prices as they increased by 26.48% as against
inflation of 16.4 % in July. Though there was softening in the prices of
fruits in August month-on-month.
