India’s industrial production up 3.4% in April
13 Jun 2019
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Industrial production in India picked up in April to hit a six-month high of 3.4 per cent in April from (-) 0.1 per cent a month ago. The pace, however, has been much slower than the previous high of 8.4 per cent recorded in October 2018.
Cumulative growth of industrial production for the period April-March 2018-19 over the corresponding period of the previous year stands at 3.6 per cent, quick estimates released by the National Statistical Office showed.
The previous high in industrial growth was recorded at 8.4 per cent in October 2018.
Production in the mining, manufacturing and electricity sectors in April 2019 showed growth rates of 5.1 per cent, 2.8 per cent and 6.0 per cent, respectively, compared to April 2018.
These sectors recorded cumulative growth rates of 2.9 per cent, 3.6 per cent and 5.2 per cent, respectively, during April-March 2018-19.
Fourteen out of the 23 industry groups in the manufacturing sector have recorded growth during April 2019. The industry group ‘wearing apparel’ has shown the highest growth of 33.6 per cent, followed by `wood, cork and wood products except furniture and articles of straw and plaiting materials’ (22.6 per cent), ‘printing and reproduction of recorded media’ 16.3 per cent.
On the other hand, the industry group ‘paper and paper products’ has shown the highest negative growth of (-) 12.3 per cent followed by ‘fabricated metal products, except machinery and equipment’ (-) 9.6 per cent and ‘manufacture of other transport equipment’ (-) 3.5 per cent.
Primary goods production rose 5.2 per cent in April 2019 while capital goods production rose 2.5 per cent, intermediate goods by 1.0 per cent and infrastructure/construction goods by 1.7 per cent.
Consumer durables and consumer non-durables have recorded growth rates of 2.4 per cent and 5.2 per cent, respectively.
