Capital goods and intermediate goods production growth rebounds after months of declineIndia's industrial production (base year 2011-12=100) accelerated to six-months high of 3.4% in April 2019, from mere 0.4% growth recorded in the previous month. Also, the industrial production growth for March 2019 has been revised upwards to 0.4% from (-) 0.1% as reported provisionally.
The manufacturing sector output increased at improved pace of 2.8%, while recovering from 0.1% growth in March 2019 and 0.4% decline in February 2019. The mining sector production growth accelerated to 5.1% in April 2019. The electricity generation growth also surged to 6.0% in April 2019, showing improvement in growth for third straight month.
As per the use-based classification, the output of capital goods rebounded 2.5% in April 2019, while snapping consistent sharp decline for last three straight months. The output of intermediate goods bounced back 1.0% after incessant decline for five months. The output of primary goods jumped 5.2%, while the growth infrastructure/ construction goods rose at slower pace of 1.7% in April 2019. Within the consumer durables, the output of consumer non-durables increased 5.2%, while that of consumer durables also improved 2.4% in April 2019.
The industry group wearing apparel has shown the highest positive growth of 33.6%, followed by 22.6% in wood and products of wood and cork, except furniture; articles of straw and plaiting materials and 16.3% in printing and reproduction of recorded media.
On the other hand, the industry group paper and paper products has shown the highest negative growth of (-) 12.3% followed by (-) 9.6% in fabricated metal products, except machinery and equipment and (-) 3.5% in other transport equipment.
The cumulative industrial production increased 3.6% in April-March FY2019 compared with 4.4% growth in April-March FY2018. The manufacturing sector growth rose 3.5% in April-April FY2019 from 4.7% growth in the corresponding period last year. The electricity generation output growth eased marginally to 5.2%, while mining output growth improved to 2.8% in April-March FY2019.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)