Economy
India: Factory Output Surges 7.1% In April Powered By Power And Mining Sectors, Capital Goods And Consumer Durables Show Resilience
- India's factory output growth surged by 7.1 per cent in April.
- Capital goods sector surged by 14.7 per cent in April while the consumer durables sector rose by 8.5 per cent compared to same period last year.
An automobile factory in India. (Manoj Patil/Hindustan Times via Getty Images)
Industrial output grew by 7.1 per cent in April on better performance by power and mining sectors, as per government data released on Friday (Jun 10).
Manufacturing sector recorded a growth of 6.3 per cent in the first month of the current financial year, as per the data released by the National Statistical Office (NSO).
It further said growth rates over corresponding period of the previous year are to be interpreted considering the unusual circumstances on account of the COVID-19 pandemic since March 2020.
Capital goods sector surged by 14.7 per cent in April while the consumer durables sector rose by 8.5 per cent compared to same period last year.
NSO further said the primary goods, intermediate goods, infrastructure/ construction goods, and consumer non-durables sectors expanded by 10.1 per cent, 7.6 per cent, 3.8 per cent, and 0.3 per cent, respectively.
