India’s industrial output growth falls to 2%; power, mining expansion drops

India’s industrial production growth slipped to a four-month low of 2 per cent in June, mainly due to poor performance of mining and manufacturing sectors, according to government data released on Friday.

Factory output, as measured by the Index of Industrial Production (IIP), had expanded by 7 per cent in June 2018.

The previous low in IIP growth was in February 2019, when it had inched up 0.2 per cent.

Thereafter, IIP grew at 2.7 per cent in March, 4.3 per cent in April and 4.6 per cent in May this year.