According to manufacturing.economictimes.indiatimes.com, India’s industrial output expanded 6.7% year-on-year in July 2026, down from a revised 8.8% in June, as mining activity contracted and growth in manufacturing and electricity generation eased.
Slowing Momentum Across Key Sectors
Manufacturing output rose 7.3% year-on-year in July — a deceleration from the revised 9.5% growth recorded in June. Electricity generation increased 8.7% year-on-year in July, compared with a revised 11.3% rise in June. Mining activity declined 0.9% year-on-year in July, reversing from a revised 1.6% expansion the previous month.
Divergent Trends in Consumer and Capital Goods
Output of consumer durables — including cars and mobile phones — grew 10.5% year-on-year in July, up slightly from the revised 10.3% increase in June. In contrast, consumer non-durables — such as food items and toiletries — fell 1% year-on-year in July, a sharp reversal from the revised 5.6% growth in June. Capital goods production rose 16.1% year-on-year in July, following a revised 17.9% gain in June.
April–July Cumulative Performance
Industrial output for the April–July 2026 period grew 6.3%, significantly higher than the 4% increase recorded in the same period a year earlier. The government shifted its factory output calculation methodology in May 2026, adopting producer prices instead of wholesale prices. Economists polled by Reuters had forecast industrial output growth of 6% for July — below both the actual result and the prior month’s revised figure.
Source: manufacturing.economictimes.indiatimes.com
Compiled from international media by the SCI.AI editorial team.
