New Delhi: India's industrial output growth fell to a 3-month low of 5 per cent in April 2024, mainly due to poor performance by the manufacturing sector, although mining and power sectors performed well, according to official data released on Wednesday.
Factory output growth, measured in terms of the Index of Industrial Production (IIP), stood at 5.4 per cent in March and 5.6 per cent in February 2024.
The previous low of IIP was 4.2 percent recorded in January 2024.
IIP growth for financial year 2023-24 was 5.9 per cent as against 5.2 per cent in the previous financial year.
India's index of industrial production grew by 4.6 per cent in April 2024, according to a statement from the Ministry of Statistics and Program Implementation.According to the latest data, mining output growth increased to 6.7 percent in April, compared to 5.1 percent growth in the same month a year ago.
The growth rate of the manufacturing sector declined to 3.9 percent in April compared to 5.5 percent a year ago.
Electricity generation increased by 10.2 percent in April, whereas it declined by 1.1 percent in the same month last year.
As per use-base classification, capital goods segment growth fell to 3.1 per cent in April 2024 from 4.4 per cent in the year-ago period.
The production of consumer durables increased by 9.8 percent in April this year.There was a decline of 2.3 percent in April 2023.
The production of consumer non-durable goods declined by 2.4 percent during the month under review, compared to an increase of 11.4 percent in April 2023.
According to the data, infrastructure/construction goods registered a growth of 8 per cent in April 2024 as against 13.4 per cent growth in the year-ago period.
The data also showed that the production of primary goods registered a growth of 7 percent in April this year, compared to 1.9 percent a year ago.
The expansion in the intermediate goods segment was 3.2 per cent in the month under review, higher than the 1.7 per cent recorded in the same period a year ago.
Factory output growth, measured in terms of the Index of Industrial Production (IIP), stood at 5.4 per cent in March and 5.6 per cent in February 2024.
The previous low of IIP was 4.2 percent recorded in January 2024.
IIP growth for financial year 2023-24 was 5.9 per cent as against 5.2 per cent in the previous financial year.
India's index of industrial production grew by 4.6 per cent in April 2024, according to a statement from the Ministry of Statistics and Program Implementation.According to the latest data, mining output growth increased to 6.7 percent in April, compared to 5.1 percent growth in the same month a year ago.
The growth rate of the manufacturing sector declined to 3.9 percent in April compared to 5.5 percent a year ago.
Electricity generation increased by 10.2 percent in April, whereas it declined by 1.1 percent in the same month last year.
As per use-base classification, capital goods segment growth fell to 3.1 per cent in April 2024 from 4.4 per cent in the year-ago period.
The production of consumer durables increased by 9.8 percent in April this year.There was a decline of 2.3 percent in April 2023.
The production of consumer non-durable goods declined by 2.4 percent during the month under review, compared to an increase of 11.4 percent in April 2023.
According to the data, infrastructure/construction goods registered a growth of 8 per cent in April 2024 as against 13.4 per cent growth in the year-ago period.
The data also showed that the production of primary goods registered a growth of 7 percent in April this year, compared to 1.9 percent a year ago.
The expansion in the intermediate goods segment was 3.2 per cent in the month under review, higher than the 1.7 per cent recorded in the same period a year ago.
