Industrial output growth dips to 4.97% Industrial output growth eased to a three-month low of 4.97% in April, from an upgraded 5.4% in Mar...
Industrial output growth dips to 4.97%
Industrial output growth eased to a three-month low of 4.97% in April, from an upgraded 5.4% in March, with manufacturing growth slipping to 3.9%, from 5.8%, electricity generation accelerating, and production of consumer non-durables contracting for a third time in six months
Within manufacturing, six of the 23 segments reported contractions, including food products (-12.7%), and leather (-8.6%).
Compared with March, the Index of Industrial Production (IIP) slid 7.6%, signalling a sequential downturn in output.
Electricity generation rose 10.2% compared with a 1.1% contraction last April and was almost 7% higher than in March as well, likely due to higher demand triggered by a heatwave across India
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