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New Delhi : The Index of Industrial Production (IIP), which reflects the performance of the country’s manufacturing sector and output growth, edged up to 5 per cent on the month in April, data released on Wednesday showed. This is a three-month low for the index, which is considered to be an indicator of industrial activity, after rising 5.3 percent in March and 5.6 percent in February 2024. Earlier in January 2024, the industrial production index had recorded a low of 4.2 percent.
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According to data from the Ministry of Statistics, growth in the manufacturing sector was limited to 3.9 percent in June. It was recorded at 5.5 percent during the same period last year (April 2023). While the power generation sector showed a strong performance and achieved a growth of 10.2 percent. Which was only 1.1 percent recorded in the same month last year. The mining industry performed satisfactorily by registering a growth of 6.7 percent. which had increased by 5.1 percent in the previous month. Growth in the capital goods sector has slowed to 3.1 percent in April 2024 from 4.4 percent last year. The production of consumer durables increased by 9.8 percent in April this year. It had declined by 2.3 percent in April 2023. Whereas the infrastructure/construction sector recorded a growth of 8 percent in April 2024.
Source: Marathi