Industrial output growth falls to 2 percent in April

Image
IANS New Delhi
Last Updated : Jun 12 2013 | 12:47 PM IST

India's industrial output growth fell to 2 percent in April due to sluggish performance of manufacturing and mining sectors, government data showed Wednesday.

The factory output measured in terms of the Index of Industrial Production (IIP) registered a growth of 2 percent in April as compared to 2.5 percent registered in the previous month, according to data released by the Central Statistics Office (CSO) here.

Growth of the manufacturing sector declined to 2.8 percent in the month under review as compared to 3.2 percent registered in March.

The mining sector continued to remain a big drag as output declined by 3 percent in the first month of the current financial year.

Electricity production grew by a sluggish 0.7 percent.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jun 12 2013 | 12:34 PM IST

Next Story