Cloudy
17°CWed :Partly Cloudy. High: 24 Low: 14

India’s industrial output slows to 2% in April

India's industrial output slows to 2% in April

New Delhi: The industrial production growth has slipped to 2 percent in April on account of dismal performance of manufacturing, mining and power sectors coupled with lower output of capital goods.

The factory output measured in terms of index of industrial production (IIP) had seen a contraction of 1.3 percent in April last year, according to official data released here today.

Meanwhile, the IIP growth rate for March this year has been revised to 3.4 percent from the provisional estimates of 2.5 percent released last month.

The industrial growth in 2012-13 has also been revised slightly upwards to 1.1 percent from provisional estimates of 1 percent released in May. IIP growth in 2011-12 was 2.9 percent.

Manufacturing sector, which constitutes over 75 percent of the index, grew by meagre 2.8 percent in April against a decline in the output by 1.8 percent in the year-ago month.

Power generation grew by just 0.7 percent in April this year compared to a growth of 4.6 percent in same month last year.

The mining sector output contracted by 3 percent in April this year compared to a decline in the production by 2.8 percent in April 2012.

The capital goods output saw a growth of just one percent in April this year compared to a decline in production by 21.5 percent in the year-ago period.

Overall, 13 out of the 22 industry groups in manufacturing sector have shown positive growth during April.

The consumer goods output also saw a meagre growth of 2.8 percent in April, compared to 3.7 percent in same month last year.

The decline in the output of consumer durables stood at 8.3 percent in April, from a growth of 5.4 percent in the same month of 2012.

The consumer non-durables output grew by 12.3 percent in April against 2.3 percent in April last year.

The intermediate goods production grew by 2.4 percent in April, compared to a decline in output by 1.8 percent in year-ago period.

The basic goods output grew by 1.3 percent in the reported month from 1.9 percent in April 2012.

 

Top Stories

43894569.cms

Bigg Boss 8: Deepshika’s group wins the Hijack errand, moves inside the new house

October-01-2014
The previous evening Bigg Boss 8 house saw some high voltage dramatization when Gautam Gulati lost his cool and disparaged co-hopeful Karishma
Tombstone

Orkut close down, clients asked to fare photographs

October-01-2014
BANGALORE: Google pulled the attachment of the once commended person to person communication site, Orkut, on September 30. Before Google wandered into
anilambanireuters2

Rcom to slice obligation to beneath Rs 20,000 cr in excess of 2 years; 4g take off in 2015

October-01-2014
Mumbai: Reliance Communications today said it plans to diminish its obligation to underneath Rs 20,000 crore in the following couple of years
home-minister-rajnath-singh-asks-to-revamp-crpf-to-fight-naxals

Home Minister Rajnath Singh asks to patch up CRPF to battle naxals

October-01-2014
NEW DELHI: Home Minister Rajnath Singh has requested a patch up of the lead energy against the Naxals, the Central Reserve Police
jaya-sept_350_092914121914

Jayalalithaa to stay in prison, court concedes safeguard hearing till Oct 7

October-01-2014
Giving no alleviation to imprisoned Tamil Nadu boss pastor J Jayalalithaa , the Karnataka high court on Wednesday conceded the hearing on
abacafoto_1430_30092014204502990_r_abc_20140930000000_a014006080012-jpg20141001022915

India, US vow to enhance ties, place it in composing

October-01-2014
India and the US on Tuesday promised to re-imbue force and warmth to their long-standing ties and “go past unobtrusive and ordinary