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India's industrial output grows 5% in April on good show by mining, power sectors

The data released by the National Statistical Office showed that the manufacturing sector's output grew 3.9% in April 2024 against 5.5% in the year-ago month

PTI New Delhi Published 12.06.24, 06:14 PM
Representational image.

Representational image. File picture.

India's industrial production growth slipped to 3-month low of 5% in April 2024, mainly due to poor show by the manufacturing sector, though mining and power segments performed well, according to official data released on Wednesday.

Factory output growth, measured in terms of the Index of Industrial Production (IIP), was 5.4% in March and 5.6% in February 2024.

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The previous low of IIP was recorded at 4.2% in January, 2024.

For the fiscal 2023-24, IIP growth was 5.9% against 5.2% in the preceding financial year.

India's Index of Industrial Production grew by 4.6% in April 2024, according to a statement by the Ministry of Statistics & Programme Implementation.

As per the latest data, the mining output growth accelerated to 6.7% in April against a 5.1% expansion in the year-ago month.

The manufacturing sector's growth decelerated to 3.9% in April compared to 5.5% a year ago.

The power generation increased by 10.2% in April against a contraction of 1.1 per cent in the same month of the last year.

As per use-base classification, the capital goods segment growth fell to 3.1% in April 2024 from 4.4% in the year-ago period.

In April this year, consumer durables output expanded 9.8%. It had contracted by 2.3% in April 2023.

Consumer non-durable goods production contracted by 2.4% during the reporting month as against a growth of 11.4% in April 2023.

According to the data, infrastructure/construction goods reported a growth of 8% in April 2024 against a 13.4% expansion in the year-ago period.

The data also showed that the output of primary goods logged a 7% growth in April this year, up from 1.9% a year earlier.

The expansion in the intermediate goods segment was 3.2% in the month under review, higher than the 1.7% recorded in the same period a year ago.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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