India's combined IIP of eight core industries up 3.2% in July

The combined index of industrial production (IIP) of eight core industries for the July month came 3.2% higher as compared to same period last year, cited the Ministry of Commerce and Industry in a release on Wednesday.

The combined index of eight core industries during the month stood at 173.7 as compared to 168.4 in July last year.

Refinery products and coal contributed to the largest portion of the index in July month at 13.7% and 5.1%, respectively, showed the provisional data of the ministry.

The cumulative growth in the IIP of eight core industries during April to July period of fiscal year 2016-17 stood at 4.9% as compared to 2.2% in the corresponding period of last fiscal.

The eight core industries comprise nearly 38% of the weight of items included in the index of industrial production (IIP).