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India's industrial output grows by 4.9% in April 2018

 
India's industrial output grew by 4.9 percent in April 2018 as compared to the level in the same month of the previous year, thanks to higher production in the manufacturing sector, official data released here today said.
 
Industrial production had grown by 4.4 percent in the previous month.
 
The Quick Estimates of Index of Industrial Production (IIP) and Use-Based Index for April, 2018 (Base 2011-12=100), released here today said the General Index for the month stood at 123.0. The cumulative growth for the period April-March 2017-18 over the corresponding period of the previous year stood at 4.3 percent.
 
An official press release said the Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for April 2018 stood at 103.8, 123.4 and 153.7, respectively, with corresponding growth rates of 5.1 percent, 5.2 percent and 2.1 percent as compared to April 2017.
 
The cumulative growth in these three sectors during April-March 2017-18 over the corresponding period of 2016-17 was 2.3 percent, 4.5 percent and 5.4 percent, respectively.
 
The release said 16 of the 23 industry groups in the manufacturing sector had shown growth during April 2018 as compared to the corresponding month of the previous year.
 
According to it, the industry group ‘Manufacture of computer, electronic and optical products’ had shown the highest growth of 27.5 percent followed by 21.9 percent in ‘Manufacture of motor vehicles, trailers and semi-trailers’ and 15.7 percent in ‘Manufacture of food products’. 
 
On the other hand, the industry group ‘Other manufacturing’ has shown the highest negative growth of (-) 30.7 percent followed by (-) 13.4 percent in ‘Manufacture of wearing apparel’ and (-) 10.3 percent in ‘Printing and reproduction of recorded media’.
 
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Growth rates in April 2018 over April 2017 were 3.1 percent in Primary goods, 13.0 percent in Capital goods, 1.6 percent in Intermediate goods and 7.5 percent in Infrastructure/ Construction Goods. Consumer durables and Consumer non-durables have recorded growth of 4.3 percent and 7.0 percent, respectively.
 
Item groups which showed high positive growth during the current month over the same month in the previous year include ‘Sugar’ (156.5%), ‘Construction machine/ equipment (incl. bull-dozers and road rollers)’ (110.4%), ‘Stainless steel utensils’ (101.7%), ‘Commercial Vehicles’ (94.3%), ‘Printed Circuit Boards (whether or not mounted with IC chips /components)’ (69.3%), ‘Steroids and hormonal preparations (including anti-fungal preparations)’ (45.8%), ‘Transformers (Small)’ (45.1%) and ‘Polymers (incl. Polyethylene, PVC, Poly propylene)’ (26.2%).
 
Item groups that have registered high negative growth include ‘Jewellery of gold (studded with stones or not)’ [(-) 75.1%], ‘Anti-malarial drugs’ [(-) 65.9%], ‘Air filters’ [(-) 52.2%], ‘Copper bars, rods & wire rods’ [(-) 40.9%], ‘Telephones and mobile instruments’ [(-) 38.4%], ‘Paper of all kinds excluding newsprint’ [(-) 37.8%], ‘Bags/ pouches of HDPE/ LDPE (plastic)’ [(-) 37.6%], ‘Copper electrodes’ [(-) 34.1%], ‘Plastic components of packing/ closing/ bottling articles & of electrical fittings’ [(-) 30.0%], ‘Separators including decanter centrifuge’ [(-)25.8%], ‘Pesticides-technical grade’ [(-) 24.9%] and ‘Readymade Garments, knitted’ [(-) 20.6%].
 
NNN
 
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