India’s industrial production growth dipped to 4.2% in June from 6.2% in May, according to data released by the ministry of statics and programme implementation on 12 august, 2024, despite strong performances in the mining and electricity sectors. Capital goods, non-durables, and infrastructure sectors experienced slower growth, highlighting a mixed industrial landscape.

Mining and electricity sectors reported robust growth rates of 10.3% and 8.6% respectively in June 2024, overshadowing the sluggish expansion in manufacturing, which only saw a 2.6% increase.

The slowdown in capital goods growth to 2.4% from a previous 2.9% also signalled cooling industrial activity.

Non-durable goods saw a reduction in decline rate to 1.4% from 2.5% in May, suggesting a slight recovery, though infrastructure and construction sectors only grew by 4.4%, a significant drop from the 13.3% growth recorded the previous year.