India's factory production grows 3.4% in April
Commodity Online | June 13 2019
UPDATED 15:15:07 IST

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India's factory production expanded in April 2019 by 3.4% from a revised growth of 0.35% reported for March, 2019, official data showed.

However, on a year-on-year basis, April's industrial production growth of 3.4% was lower than 4.5% that was achieved during the corresponding month of the previous fiscal.

"The cumulative growth for the period April-March 2018-19 over the corresponding period of the previous year stands at 3.6%," Ministry of Statistics & Programme Implementation said in 'Quick Estimates of Index of Industrial Production' (IIP).

As per the data, the output rate of the manufacturing sector rose 2.8% in April from a year-on-year rise of 4.9%.

On a year-on-year basis, mining production grew 5.1% from a rise of 3.8% and the sub-index of electricity generation was higher by 6% from 2.1%.

Among the six use-based classification groups, the output of primary goods, which has the highest weightage of 34.04, grew by 5.2%. The output of intermediate goods, which has the second highest weightage, inched-up by 1%.

Similarly, output of consumer non-durables rose 5.2% and that of consumer durables gained 2.4%.

In addition, output of infrastructure or construction goods increased by 1.7%, but that of capital goods 2.5%.

In terms of industries, 14 out of the 23 industry groups in the manufacturing sector have showed positive growth during the month under review as compared to the corresponding month of the previous year.

 



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