Latest news with #MinistryofStatistics
Hans India
29-07-2025
- Business
- Hans India
Factory output edges up in June
New Delhi: India'sindustrial growth, based on the Index of Industrial Production (IIP), recorded a 1.5 per cent growth in June this year, driven by a stronger performance in the manufacturing sector, according to data released by the Ministry of Statistics on Monday. The data showed that the manufacturing sector, which provides quality jobs for the young graduates passing out of the country's universities and engineering institutes, registered a 3.9 per cent growth in June this year over the same month of the previous year. The overall index of industrial production during June was higher than the 1.2 per cent registered in the preceding month of May. Within the manufacturing sector, 15 out of 23 industry groups recorded a positive growth in June over the same moth of the previous year. The top three positive contributors for the month are – Manufacture of basic metals (9.6%), Manufacture of coke and refined petroleum products (4.2%) and Manufacture of fabricated metal products, except machinery and equipment (15.2%), according to the official statement. In the industry group 'Manufacture of basic metals', item groups 'MS slabs', 'HR coils and sheets of mild steel' and 'Pipes and tubes of Steel' have shown significant contribution in growth. The figures on use-based classification show that the production of capital goods, which comprise machines used in factories, went up by robust 3.5 per cent in June. This segment reflects the real investment taking place in the economy which has a multiplier effect on the creation of jobs and incomes going ahead. The production of consumer durables such as refrigerators, air conditioners and TV sets increased by 2. 9 per cent during the month, reflecting the rise in demand for these products with a rise in incomes.
India.com
28-07-2025
- Business
- India.com
June Sees 1.5% Rise In India's Industrial Production Amid Mixed Sector Performance
New Delhi: India's industrial growth, based on the Index of Industrial Production (IIP), recorded a 1.5 per cent growth in June this year, driven by a stronger performance in the manufacturing sector, according to data released by the Ministry of Statistics on Monday. The data showed that the manufacturing sector, which provides quality jobs for the young graduates passing out of the country's universities and engineering institutes, registered a 3.9 per cent growth in June this year over the same month of the previous year. The overall index of industrial production during June was higher than the 1.2 per cent registered in the preceding month of May. Within the manufacturing sector, 15 out of 23 industry groups recorded a positive growth in June over the same moth of the previous year. The top three positive contributors for the month are – 'Manufacture of basic metals' (9.6 per cent), 'Manufacture of coke and refined petroleum products' (4.2 per cent) and 'Manufacture of fabricated metal products, except machinery and equipment' (15.2 per cent), according to the official statement. In the industry group 'Manufacture of basic metals', item groups 'MS slabs', 'HR coils and sheets of mild steel' and 'Pipes and tubes of Steel' have shown significant contribution in growth. The figures on use-based classification show that the production of capital goods, which comprise machines used in factories, went up by robust 3.5 per cent in June. This segment reflects the real investment taking place in the economy which has a multiplier effect on the creation of jobs and incomes going ahead. The production of consumer durables such as refrigerators, air conditioners and TV sets increased by 2. 9 per cent during the month, reflecting the rise in demand for these products with a rise in incomes. The infrastructure and construction sector clocked a growth of 7.9 per cent on the back of big ticket government projects being implemented in the highways, railways and ports sectors. However, electricity generation declined by (-) 2.6 per cent and the mining sector proved to be a laggard with an (-) 8.7 per cent contraction in output during the month. This negative growth in the mining and power sectors weighed on the positive performance of the manufacturing sector.
Hans India
28-07-2025
- Business
- Hans India
India's industrial production clocks 1.5 per cent growth in June
New Delhi: India's industrial growth, based on the Index of Industrial Production (IIP), recorded a 1.5 per cent growth in June this year, driven by a stronger performance in the manufacturing sector, according to data released by the Ministry of Statistics on Monday. The data showed that the manufacturing sector, which provides quality jobs for the young graduates passing out of the country's universities and engineering institutes, registered a 3.9 per cent growth in June this year over the same month of the previous year. The overall index of industrial production during June was higher than the 1.2 per cent registered in the preceding month of May. Within the manufacturing sector, 15 out of 23 industry groups recorded a positive growth in June over the same moth of the previous year. The top three positive contributors for the month are – 'Manufacture of basic metals' (9.6 per cent), 'Manufacture of coke and refined petroleum products' (4.2 per cent) and 'Manufacture of fabricated metal products, except machinery and equipment' (15.2 per cent), according to the official statement. In the industry group 'Manufacture of basic metals', item groups 'MS slabs', 'HR coils and sheets of mild steel' and 'Pipes and tubes of Steel' have shown significant contribution in growth. The figures on use-based classification show that the production of capital goods, which comprise machines used in factories, went up by robust 3.5 per cent in June. This segment reflects the real investment taking place in the economy which has a multiplier effect on the creation of jobs and incomes going ahead. The production of consumer durables such as refrigerators, air conditioners and TV sets increased by 2. 9 per cent during the month, reflecting the rise in demand for these products with a rise in incomes. The infrastructure and construction sector clocked a growth of 7.9 per cent on the back of big ticket government projects being implemented in the highways, railways and ports sectors. However, electricity generation declined by (-) 2.6 per cent and the mining sector proved to be a laggard with an (-) 8.7 per cent contraction in output during the month. This negative growth in the mining and power sectors weighed on the positive performance of the manufacturing sector.
Hans India
14-07-2025
- Business
- Hans India
India's retail inflation falls to over 6-year low of 2.1 pc in June
India's inflation rate based on the Consumer Price Index (CPI) eased further to 2.1 per cent in June this year compared to the same month of the previous year. This is the lowest level of retail inflation since January 2019, according to a statement issued by the Ministry of Statistics on Monday. There is also a drop of 72 basis points in retail inflation during June, in comparison to the corresponding figure of 2.82 per cent for the previous month of May. There was a decline in the prices of food products during the month, with the annual food inflation rate at -1.06 per cent. There was also a sharp fall of 205 basis points in food inflation in June 2025 in comparison to May 2025. The food inflation in June 2025 is the lowest after January 2019, according to the official figures. The significant decline in inflation during the month is mainly attributed to the decline in prices of vegetables, pulses, meat and spices. The prices of vegetables declined by as much as 19 per cent during the month, while the prices of pulses came down by 11.76 per cent. The prices of meat and fish also fell by 1.62 per cent, while spices turned cheaper by 3.03 per cent. The decline in prices brought food inflation into the negative zone for the first time. Meanwhile, the RBI has also revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said recently. CPI inflation for the financial year 2025-26 is now projected at 3.7 per cent, with Q1 at 2.9 per cent, Q2 at 3.4 per cent, Q3 at 3.9 per cent, and Q4 at 4.4 per cent. He pointed out that Inflation has softened significantly over the last six months from above the tolerance band in October 2024 to well below the target, with signs of a broad-based moderation. The near-term and medium-term outlook now gives us the confidence of not only a durable alignment of headline inflation with the target of 4 per cent, as exuded in the last meeting, but also the belief that during the year, it is likely to undershoot the target at the margin. While food inflation outlook remains soft, core inflation is expected to remain benign with easing of international commodity prices in line with the anticipated global growth slowdown, Malhotra explained. The sharp decline in inflation has enabled the RBI to go in for a 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, in the monetary policy review last month. The RBI also announced a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent, to be implemented in four tranches of 25 bps each. The step is expected to inject Rs 2.5 lakh crore into the banking system, boosting liquidity and supporting credit flows. These measures are aimed at spurring growth as easing inflation has given the RBI headroom for a soft money policy that reduces interest rates, making loans for business investments and consumer spending cheaper and also more easily available.
Bloomberg
14-07-2025
- Business
- Bloomberg
India June Inflation Cools, Raising Prospects of More Rate Cuts
By and Prateek Mazumdar Save India's inflation eased for the eighth consecutive month, strengthening the case for further interest rate cuts by the central bank. The consumer price index rose 2.1% in June from a year earlier, according to data released Monday by the Ministry of Statistics. That compares with a 2.25% increase forecast by economists in a Bloomberg survey. Inflation had slowed to 2.82% in May.
