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Manufacturing sector lifts India's April industrial output higher

IANS  |  New Delhi 

Higher production of the manufacturing sector, especially of capital goods and consumer durables, accelerated India's industrial output in April by 4.9 per cent from a rise of 4.57 per cent in March 2018.

According to the data furnished by the (CSO) on Tuesday, the corresponding growth during April 2017 stood at 3.2 per cent.

"The Index for the month of April 2018 stands at 123, which is 4.9 percent higher as compared to the level in the month of April 2017," CSO said in the "Quick estimates of index of Industrial Production".

"The cumulative growth for the period April-March 2017-18 over the corresponding period of the previous year stands at 4.3 per cent."

Besides, the data showed that the sequential rise in factory output was mainly on account of higher production in the

On a year-on-year basis, the expanded by 5.2 per cent, while the sector's output rose by 5.1 per cent and the sub-index of increased by 2.1 per cent.

"In terms of industries, sixteen out of the twenty three groups in the have shown positive growth during the month of April 2018 as compared to the corresponding month of the previous year," the CSO said.

"The group 'manufacture of computer, electronic and optical products' has shown the highest positive growth of 27.5 per cent followed by 21.9 per cent in 'manufacture of motor vehicles, trailers and semi-trailers' and 15.7 per cent in 'manufacture of food products'."

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 12 2018. 19:40 IST
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