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Front Page | June 2013

Indias industrial output slows to 2% in April

Our Mumbai Bureau  

The industrial production growth has slipped to 2.3 per cent in April on account of dismal performance of manufacturing, mining and power sectors coupled with lower output of capital goods. The factory output measured in terms of index of industrial production (IIP) had seen a contraction of 1.3 per cent in April last year, according to official data. Meanwhile, the IIP growth rate for March this year has been revised to 3.4 per cent from the provisional estimates of 2.5 per cent released last month.

 

Manufacturing sector, which constitutes over 75 per cent of the index, grew by a mere 2.8 per cent in April against a decline in the output by 1.8 per cent in the year-ago month. Whereas, power generation grew by just 0.7 per cent in April this year compared to a growth of 4.6 per cent in same month last year. In addition to the overall dismal performance, the mining sector output contracted by 3 per cent in April this year compared to a decline in the production by 2.8 per cent in April 2012.

 

The capital goods output saw a growth of just one per cent in April this year compared to a decline in production by 21.5 per cent in the year-ago period. Overall, 13 out of the 22 industry groups in manufacturing sector have shown positive growth during April.

 

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