India’s industrial output slows to 6.7% in July from 7.3% in June

India's industrial output growth slowed down in July, reaching 6.7%, a decrease from the 7.3% growth seen in June. This slowdown is a sign that the country's manufacturing sector may be facing some challenges, despite some areas such as capital goods, which recorded a strong expansion of 16.1%. The decline in consumer non-durables, however, suggests that consumer spending may be weaker than expected, which could have implications for the overall economy.

Why it matters

India's industrial output slowed down in July. This slowdown may impact the overall economic growth and investor sentiment.

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