Factory growth rises by 4.9% in April, up from 5-month low of 4.4% in March

Turnaround in capital goods production, uptick in overall manufacturing growth deliver better growth figure

The country’s industrial output rose by 4.9 per cent in April, up from the 4.4 per cent growth seen in March due to a turnaround in capital goods production as well as an uptick in overall manufacturing growth.

Compared to this, growth in the Index of Industrial Production (IIP) had fallen to a five-month low of 4.6 per cent in March as manufacturing production growth halved from the month before and the capital goods segment saw contraction.

In April, growth in the major manufacturing segment - which constitutes the bulk of the index at 77.6 per cent - stood at