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June IIP At 2% Vs CNBC TV18 Poll Of 1%


June IIP At 2% Vs CNBC TV18 Poll Of 1%

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Industrial production (IIP) of India grew at 2 per cent in the month of June, which is a 3-month low. Dip in IIP growth rate has been mainly driven by the slowdown in the manufacturing sector. The manufacturing grew at a mere 1.2 per cent in June 2019. The IIP growth rate stood at 3.1 per cent in May 2019 and 7 per cent in June 2018. The substantial growth in intermediate goods and consumer non-durables provided some relief amidst the disappointing contraction in the other three major categories.
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