Business

India’s Industrial Output Grew 4.9% In April

SHAHNAWAZ | 0
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| June 12 , 2018 , 19:26 IST

India’s industrial production saw a 4.9 percent growth in April 2018 as compared to the 4.4 percent growth in March as per the Index of Industrial Production data (with base 2011-12) for April released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation (MoSPI).

A press release from MoSPI states that sixteen out of 23 industry groups have shown positive growth during the month of April. Computer, electronic and optical products manufacturers have shown highest positive growth of 27.5%.

Motor vehicles, trailers and semi-trailers have shown the second highest growth of 21.9% during the month. Food products manufacturers have registered 15.7% growth during the month.

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The ‘other manufacturing group’ that consists of manufacturers of jewellery, bijou, musical instruments, sports goods, games and toys, medical supplies etc has shown a negative growth of -30.7%.

Gold jewellery has registered a massive downward growth rate of -75.1%.

Electricity production growth fell to 2.1 percent in April from 5.9 percent in March, while mining activity’s growth further accelerated at 5.1 percent from 2.8 in March.

Factory output measured by the index of industrial production (IIP) is the closest approximation for measuring economic activity in the country.