SME Times News Bureau | 13 Jun, 2018
Higher
production of the manufacturing sector, especially of capital goods
and consumer durables, accelerated India's industrial output in April
by 4.9 per cent from a rise of 4.57 per cent in March 2018.
According
to the data furnished by the Central Statistics Office (CSO) on
Tuesday, the General Index for the month of April 2018 stands at
123.0, which is 4.9 percent higher as compared to the level in the
month of April 2017.
The
cumulative growth for the period April-March 2017-18 over the
corresponding period of the previous year stands at 4.3 percent.
On
a year-on-year basis, the manufacturing sector expanded by 5.2 per
cent, while the mining sector's output rose by 5.1 per cent and the
sub-index of electricity generation increased by 2.1 per cent.
"In
terms of industries, sixteen out of the twenty three industry groups
in the manufacturing sector have shown positive growth during the
month of April 2018 as compared to the corresponding month of the
previous year," the CSO said.
"The industry
group ‘manufacture of computer, electronic and optical products'
has shown the highest positive growth of 27.5 per cent followed by
21.9 per cent in ‘manufacture of motor vehicles, trailers and
semi-trailers' and 15.7 per cent in ‘manufacture of food
products'."