India’s industrial output grew 3.4 per cent MoM in April

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New Delhi, Jun 12 (UNI) India’s industrial output grew 3.4 per cent month-on-month in April, according to the Index of Industrial Production data released by the government on Wednesday.

The Quick Estimates of IIP for the April 2019 was 3.4 per cent higher as compared to the level in the month of April 2018. The cumulative growth for the period April-March 2018-19 over the corresponding period of the previous year stood at 3.6 per cent.

Industrial Production for the Mining, Manufacturing and Electricity sectors for April 2019 registered growth rates of 5.1 per cent, 2.8 per cent and 6.0 per cent respectively as compared to the same month last year.

Mining, Electricity and Diesel were High Positive Contributors to the growth.

In terms of industries, 14 out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of April 2019 as compared to the corresponding month of the previous year.

The industry group ‘Manufacture of wearing apparel’ has shown the highest positive growth of 33.6 per cent followed by 22.6 per cent in ‘Manufacture of wood and products of wood and cork.

As per Use-based classification, the growth rates in April 2019 over April 2018 are 5.2 per cent in Primary goods, 2.5 per cent in Capital goods, 1.0 per cent in Intermediate goods and 1.7 per cent in Infrastructure/ Construction Goods .

The Consumer durables and Consumer non-durables have recorded growth of 2.4 per cent and 5.2 per cent respectively, said the Ministry of Statistics & Programme Implementation.

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