India's industrial output slipped for the second month in a row in June, raised apprehension that economic growth during the first quarter of current fiscal might have fallen short of the 5% mark.

While the GDP stats are yet to be released, the Central Statistics Office (CSO) on Monday announced that the country's industrial output slipped 2.2 per cent year-on-year in June. What makes matters even worse is the fact that industrial output had contracted 2 per cent in June last year.

In the first quarter of 2013, the Index of Industrial Production (IIP) had declined 1.1 per cent year-on-year.

Commenting on the figures, D K Joshi from rating agency Crisil, said, "The trend is very disturbing and it is a wake-up call. The slowdown is now well dispersed and if steps are not taken it will spread to services as well."

However, the country's trade data showed some positive signs. While exports jumped 11.6 per cent to a 21-month high of $25.8 billion in June, imports decreased 6.2 per cent to $38.1 billion. In June 2012, the country's exports and imports were recorded at $23.1 billion and $40.6 billion, respectively.

Official GDP stats for April-June quarter are expected to be released by the end of August.