Factory output rises 4.2% in Apr

New Delhi: India’s industrial production growth rose to 4.2 per cent in April from 1.7 per cent in March 2023, mainly due to good performance by the manufacturing and mining sectors, according to official data released on Monday.

The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 6.7 per cent in April 2022. As per the IIP data released by the National Statistical Office (NSO), the manufacturing sector's output grew 4.9 per cent in April 2023 against a 5.6 per cent expansion a year ago. Power generation declined 1.1 per cent in April 2023 compared to a growth of 11.8 per cent. Mining output, however, rose by 5.1 per cent during the month under review against a growth of 8.4 in the year-ago period. As per the use-based classification, the capital goods segment recorded a 6.2 per cent growth in April compared to a 12 per cent expansion a year ago. Consumer durables output during the month declined by 3.5 per cent against a 7.2 per cent growth a year ago.