India's Industrial Output Surges 5% in April - Economic News
Jun 12, 2024 17:36
India's industrial production grew by 5% in April 2024, driven by strong performance in mining and power sectors. Manufacturing output also saw growth, indicating a positive economic trend.
New Delhi, Jun 12 (PTI) India's industrial production grew 5 per cent in April this year mainly due to good show by mining and power sectors, according to official data released on Wednesday.
The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 4.6 per cent in April 2023.
India's Index of Industrial Production grew by 5 per cent in April 2024, an official statement said.
The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 3.9 per cent in April 2024 against 5.5 per cent in the year-ago month.
In April this year, mining production rose 6.7 per cent and power output increased 10.2 per cent.
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