The industrial activity, as measured by the index of industrial production (IIP), jumped to 4.2 percent from 4.4 percent (YOY) for the month of July.
As per reports, some economists had forecast the IIP to slow down to 3.41 percent. The index is recorded by analysing data in two ways, which is by use-based and sector-based.
Breaking up the numbers, manufacturing rose 4.7 percent beating 4.6 percent, mining rose 1.3 percent beating 0.3 percent, electricity rose 3.5 percent beating 1.3 percent (MOM).
The growth rate is expected to hold around 4 percent in the coming months with at least 5-6 percent growth to show that the economic recovery is in full steam, said experts.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app