India's IIP growth moderates to 6.7% in July from revised 8.8% in June

Gist India's industrial output, measured by the Index of Industrial Production IIP , grew by 6.7% in July 2026, moderating from a revised 8.8% growth in June. Despite the sequential slowdown, it marks the second-best performance since December of the previous year, driven primarily by manufacturing, electricity, and gas supply. Aspirants should track these high-frequency indicators as they reveal underlying economic disparities—specifically, the current data exposes a divergence in consumption patterns characterized by weak rural demand. Background The Index of Industrial Production IIP is a core economic indicator that measures the short-term changes in the volume of production of a basket of industrial products over a given period, compared to a fixed base year. The index is compiled and published monthly by the National Statistical Office NSO under the Ministry of Statistics and Programme Implementation MoSPI . It is heavily relied upon by government agencies, including the Ministry of Finance and the Reserve Bank of India RBI , for macroeconomic policymaking and to gauge the health of the manufacturing sector. Before this latest data release, provisional estimates had pegged June's…