IIP Data: India Industrial's Output Growth At 1.5% In June, Below Estimate

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India's industrial output growth was at 1.5% in June, as against the revised growth of 1.9% in the preceding month of May, according to the data released by the Ministry of Statistics and Programme Implementation on Monday. The IIP growth in June has missed the estimate of 2.2% shared by analysts tracked by Bloomberg.Manufacturing activity, which comprises the largest component of the index, contracted on an annual basis by 3.9%, compared to 3.5% in the same month last year. Mining output fell 8.7%, versus a rise of 10.3% in the corresponding period of the previous year.Electricity production fell 2.6%, as against rise of 8.6% in the year-ago period. This is a developing story.. Read more on Economy & Finance by NDTV Profit.