The factory output measured in terms of the Index of Industrial Production (IIP) grew 12.3 per cent in June this year, remaining in double-digit for the second month in a row due to the base effect.
The growth of eight core sectors was at 8.4 per cent in April, up from 4.9 per cent in March. These eight core sectors comprise 40.3 per cent of the total weightage of the IIP.
January inflation eases to 5.07 per cent, December Index of Industrial Production lowers to 7.1 per cent
As per the data released by the Central Statistics Office, the sequential slowdown in factory output was mainly on account of lower production in the manufacturing sector.