India’s industrial output rose 4.8 percent in July compared to 4.7 percent in the previous month, as industrial activity picked up again after the elections.

The uptick was in line with a Moneycontrol poll, where the median prediction was a growth of 4.8 percent. The forecast of the economists in the Moneycontrol  poll ranged between 3.3 and 5.8 percent.

The eight core industries which carry 40 percent weight in the index of industrial production (IIP)  rose  6.1 percent in July compared with 5.1 percent in the previous month.

Steel, cement, fertilisers, and refinery products witnessed significant pickup, while growth in the other four industries — electricity, coal, crude oil and natural gas — eased. The Purchasing Managers’ Index (PMI), another gauge for manufacturing activity, dipped in July and further in August.

India’s manufacturing held firm in the first quarter of FY25, with growth at 7 percent compared with 5 percent in the year-ago period.