ENA Sectors 2023-06-14 13:13:00 <p style="text-align:justify"><span style="font-size:14px"><strong>New Delhi, June 14 (KNN)</strong> Indias factory output recorded a growth of 4.2 per cent in April from 1.7 per cent in March 2023, according to the data released by National Statistical Office (NSO) on Monday.</span></p> <p style="text-align:justify"><span style="font-size:14px">The primary reason for the rise is due to the good performance by the manufacturing and mining sectors.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p style="text-align:justify"><span style="font-size:14px">The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 6.7 per cent in April 2022.</span></p> <p style="text-align:justify"><span style="font-size:14px">As per the data, the manufacturing sector's output grew 4.9 per cent in April 2023 against a 5.6 per cent expansion a year ago.</span></p> <p style="text-align:justify"><span style="font-size:14px">Power generation declined 1.1 per cent in April 2023 compared to a growth of 11.8 per cent.</span></p> <p style="text-align:justify"><span style="font-size:14px">However, the Mining output rose by 5.1 per cent during the month under review against a growth of 8.4 in the year-ago period.</span></p> <p style="text-align:justify"><span style="font-size:14px">The data pointed out that consumer durables output during the month declined by 3.5 per cent against a 7.2 per cent growth a year ago.</span></p> <p style="text-align:justify"><span style="font-size:14px">Consumer non-durable goods outputs also grew 10.7 per cent against a contraction of 0.8 per cent a year earlier.</span></p> <p style="text-align:justify"><span style="font-size:14px">Infrastructure/construction goods posted a growth of 12.8 per cent compared to a 4 per cent expansion in the same period a year ago.</span></p> <p style="text-align:justify"><span style="font-size:14px">The data also showed that the output of primary goods logged 1.9 per cent growth in the month against 10.3 per cent in the year-ago period.</span></p> <p style="text-align:justify"><span style="font-size:14px">The intermediate goods output in April grew by 0.8 per cent compared to a 7.1 per cent growth during the corresponding month last year.</span></p> <p style="text-align:justify"><span style="font-size:14px">For fiscal 2022-23, the growth in IIP works out to be 5.2 per cent, down from 11.4 per cent in the preceding year. <em><strong>(KNN Bureau)</strong></em></span></p> 33701 https://knnindia.co.in/news/newsdetails/sectors/indias-industrial-output-rose-to-42-in-april-2023 2023-06-14 13:13:00 knnindia.co.in