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India's Manufacturing Output Growth Slows to 7.3% in July

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Manufacturing production growth in India decelerated to 7.3% year over year in July from 7.8% in June, according to data from the Ministry of Statistics and Program Implementation released on Friday.

Out of the 23 industry groups within the manufacturing sector, 19 recorded positive growth during the month.

The top three positive contributors for the month were the manufacture of motor vehicles, trailers and semi-trailers, which edged up 22.2% year over year, followed by electrical equipment at 28.3%, and machinery and equipment at 12.1%.

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