Industrial output grows 4.9% in April
Manufacturing, which contributes 78% of industrial output, grew 5.2% in April, up from a 4.7% rise in March, as domestic demand picked up.business Updated: Jun 12, 2018 17:53 IST
India’s industrial output grew 4.9% in April from a year earlier, driven by a pick up in manufacturing, government data showed on Tuesday.
Economists surveyed by Reuters had forecast 5.2% growth in output compared with a 4.6 percent year-over-year increase in March.
Manufacturing, which contributes 78% of industrial output, grew 5.2% in April, up from a 4.7% rise in March, as domestic demand picked up.
The Indian economy grew 7.7% year-on-year in January-March, its quickest pace in nearly two years driven by higher growth in manufacturing, the farm sector and construction, data showed last month.
The figure surpassed China’s growth rate of 6.8% in the January-March quarter, confirming India as the fastest growing major economy and economists expect the growth to be robust in the 2018/19 financial year that began in April.
First Published: Jun 12, 2018 17:53 IST