The output of India's eight major industries accelerated by 4.7 per cent in April from a rise of 4.4 per cent in March, official data showed on Thursday.
"The combined Index of Eight Core Industries stands at 124.2 in April, 2018, which was 4.7 per cent higher as compared to the index of April, 2017," the Ministry of Commerce & Industry said in a statement.
"Its cumulative growth during April to March, 2017-18 was 4.3 per cent."
According to the ministry, the 'Index of Eight Core Industries' (ECI), which represent major sectors like coal, steel, cement and electricity showed an uptrend on a year-on-year (YoY) basis.
The index had registered a rise of 2.6 per cent during the corresponding month of 2017.
The ECI index carries 40.27 per cent weightage of the Index of Industrial Production (IIP) which is the macro-gauge for India's factory output.
--IANS
rv/vm
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app