Home Business India's...

India's Industrial production grows 3.4% in April

India's Industrial production grows 3.4% in April

New Delhi: India's industrial output grew to 3.4 percent in April, government data showed on Wednesday.

The cumulative growth for the period April-March 2018-19 over the corresponding period of the previous year stands at 3.6 percent.

In terms of industries, fourteen out of the twenty three 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 Indices of IIP for the Mining, Manufacturing and Electricity sectors for the month of April 2019 stand at 107.8, 126.6 and 162.9 respectively, with the corresponding growth rates of 5.1 percent, 2.8 percent and 6.0 percent as compared to April 2018, data showed.

The cumulative growth in these three sectors during April-March 2018-19 over the corresponding period of 2017-18 has been 2.9 percent, 3.6 percent and 5.2 percent respectively.

The industry group ‘Manufacture of wearing apparel’ has shown the highest positive growth of 33.6 percent followed by 22.6 percent in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’ and 16.3 percent in‘Printing and reproduction of recorded media’.

On the other hand, the industry group ‘Manufacture of paper and paper products’ has shown the highest negative growth of (-) 12.3 percent followed by (-) 9.6 percent in ‘Manufacture of fabricated metal products, except machinery and equipment’ and (-) 3.5 percent in ‘Manufacture of other transport equipment’.

Related News

Christine Lagarde resigns as IMF chief, starting race for her...

17-07-2019 Washington,...

Washington: International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis...

Huawei to lay off hundreds of workers in US

15-07-2019 Washington,...

Washington: Facing the heat owing to the ongoing US-China trade war, telecommunications giant Huawei is reportedly...

US budget deficit widens to $747 bn in 9 months

12-07-2019 Washington,...

Washington: The US federal budget deficit reached $747 billion in the first nine months of the fiscal year 2019,...

Walmart to pay over $282 mn for violating US anti-corruption...

21-06-2019 Washington,...

Washington: Global retail giant Walmart has agreed to pay over USD 282 million to settle charges of violating US...