Industrial output growth falls to 2 percent in April

Posted By: IANS
Subscribe to Oneindia News

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.


Please Wait while comments are loading...