Shocker came in the form of flat production in electricity generation for the month of June, leading to 2.2% contraction in industrial growth for the straight second month. As usual manufacturing and mining contracted, this time by 2.2% and 4.1% respectively.
Meanwhile, the retail price inflation declined to 9.64% in July from 9.87% in June, even as the rate of price rise in vegetables stood at over 16% in July.
Except for consumer non-durables, which grew by five% in June, there is no sector or segment which did not witness fall in production in the month.
Industrial output declined 1.1% in the first quarter of the current financial year against contraction of 0.2% in the corresponding period of the previous fiscal.
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