India’s industrial production up 5% in April
14 Jun 2024
Industrial production in India, based on the Index of Industrial Production (IIP), expanded by 5 per cent in April 2024 against a growth rate of 4.6 per cent recorded in April 2023, quick estimates of industrial production released on Tuesday showed.
Industries included in the three sectors - mining, manufacturing and electricity – recorded growth rates of 6.7 per cent, 3.9 per cent and 10.2 per cent, respectively, for April 2024.
Within the manufacturing sector, the growth rate of the top three contributors to the growth of IIP in April 2024 are: Basic Metals (8.1 per cent), Coke and Refined Petroleum Products (4.9 per cent), and Motor Vehicles, Trailers and Semi-trailers (11.4 per cent).
As per use-based classification, Primary Goods sector recorded growth of 7 per cent in April 2024 while the Capital Goods sector grew at 3.1 per cent, intermediate goods at 3.2 per cent and infrastructure/construction goods sector at 8 per cent.
While production of consumer durables grew at a robust 9.8 per cent in April 2024, production of consumer non-durables recorded negative growth at -2.4 per cent.
The three sectors of Primary Goods, Infrastructure/Construction Goods and Consumer Durables also were the top contributors to the growth of IIP for April 2024.
Along with the quick estimates of IIP for April 2024, the indices for January 2024 stands revised on the basis of updated data.
