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Industrial output growth falls to 2 percent in April
New Delhi, June 12: India's industrial output growth fell to 2 percent in April due to sluggish performance of manufacturing and mining sectors, government data showed Wednesday.
The
factory
output
measured
in
terms
of
the
Index
of
Industrial
Production
(IIP)
registered
a
growth
of
2
percent
in
April
as
compared
to
2.5
percent
registered
in
the
previous
month,
according
to
data
released
by
the
Central
Statistics
Office
(CSO)
here.
Growth of the manufacturing sector declined to 2.8 percent in the month under review as compared to 3.2 percent registered in March.
The mining sector continued to remain a big drag as output declined by 3 percent in the first month of the current financial year.
Electricity production grew by a sluggish 0.7 percent.
IANS
