IIP: Industrial Output Rises 7.1% In April

Industrial output grew by 7.1% in April on better performance by power and mining sectors.

Manufacturing sector recorded a growth of 6.3% in the first month of the current financial year, as per the data released by the National Statistical Office.

It further said growth rates over corresponding period of the previous year are to be interpreted considering the unusual circumstances on account of the Covid-19 pandemic since March 2020.

As per the data, power and mining sectors grew by 11.8% and 7.8%, respectively.

According to the use-based classification, the capital goods segment recorded a growth of 14.7%, while the consumer durables sector expanded by 8.5%.

NSO further said the primary goods, intermediate goods, infrastructure/construction goods, and consumer non-durables sectors expanded by 10.1%, 7.6%, 3.8%, and 0.3%, respectively.