INSUBCONTINENT EXCLUSIVE:
The expansion in power generation sector stood at 8.2%, compared to 8.5% earlier.Industrial production, measured by the estimate of Index of
Industrial Production (IIP) slowed down to 2 per cent in June compared with an expansion of 7 per cent same month last year, according to
registered a growth of 3.1 per cent in May.The factory output growth declined in June on account of poor show by mining and manufacturing
sectors, according to official data released on Friday.The data however surpassed analysts' estimates as analysts polled by Reuters had
forecast June industrial output growth at 1.5 per cent.The cumulative growth for the April-June period that is the first quarter of current
financial year over the corresponding period of the previous year stood at 3.6 per cent.There was a slowdown in the manufacturing sector,
which grew at 1.2 per cent in June as compared to 6.9 per cent a year ago.The expansion in power generation sector stood at 8.2 per cent,
compared to 8.5 per cent earlier.Mining growth dropped to 1.6 per cent in June from 6.5 per cent in the corresponding month of the last
fiscal.(With agency inputs)Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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