April IIP rate at 1.4 per cent

New Delhi, Jun 12: Showing some early signs of recovery, the industrial growth (Index of Industrial Production) turned positive for Apr at 1.4 pc after remaining negative for months. The sectors like consumer non-durables and capital goods though continued to contract.

The factory output was down in the first month of this fiscal compared with 6.2 per cent in April, 2008. Electricity generation grew by 7.1 pc in Apr against 1.4 pc a year ago. Manufacturing, which has a weight of around 80 per cent in IIP, grew by modest 0.7 per cent from 6.7 per cent.

Mining grew by 3.8 per cent in the month compared with 6.1% in April, 2008. Consumer non-durable output reduced by 10.4 percent against the 10 pc growth in the same month a year ago. The Capital goods production declined by 1.3 per cent against growth of 12.4 per cent a year ago.

OneIndia News