India's industrial output growth rate slipped to a three-month low of 3.7% year-on-year in June, data from the Ministry of Statistics showed on Friday.
Workers weld an iron frame which will be used with a tractor for ploughing fields, at a workshop in an industrial area in Kolkata, India, February 12, 2019. REUTERS/Rupak De Chowdhuri/File Photogrowth rate slipped to a three-month low of 3.7% year-on-year in June, data from the Ministry of Statistics showed on Friday.
Manufacturing, which accounts for about 17% of the Indian economy, rose 3.1% year-on-year in June, slowing down from a revised 5.8% annual growth rate recorded in May. In June, infrastructure or construction goods production grew 11.3% year-on-year, unchanged from the downwardly revised annual growth rate for May. Capital goods grew 2.2% compared to a year earlier.Consumer durables output contracted 6.9% year-on-year in June from a revised year-on-year growth of 1.2% the previous month.
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