Industrial output rose to 8-month high of 7.1% in April
The Hindu
‘Low base bumps up number’; manufacturing grew 6.3%, mining rose 7.8%
Industrial output rose to an eight-month high of 7.1 per cent in April on the back of improved performance by the power and mining sectors, as per government data released on Friday.
The manufacturing sector recorded growth of 6.3% in the first month of the current financial year, data on Index of Industrial Production (IIP) released by the National Statistical Office (NSO) showed.
The previous high for IIP growth was 13% in August 2021.
However, the NSO added that growth rates over the corresponding period of the previous year are to be interpreted considering the unusual circumstances on account of the COVID-19 pandemic since March 2020.
The power and mining sectors grew 11.8% and 7.8%, respectively.
As per use-based classification, the capital goods segment recorded a growth of 14.7%, while consumer durables output expanded 8.5%.
The NSO further said output for primary goods, intermediate goods, infrastructure/ construction goods, and consumer non-durables sectors expanded 10.1%, 7.6%, 3.8% and 0.3%, respectively.