Parul
India’s index of industrial production (IIP) rose by 4.2 per cent in April, significantly higher than that for March, when it had touched a five-month low of 1.1 per cent. That number has now been revised to 1.7 per cent.
According to data released by the Ministry of Statistics and Programme Implementation on Monday, the IIP growth was 6.7 per cent in April 2022.
Retail inflation for May 2023 fell to a 25-month low of 4.25 per cent as food prices fell.
Earlier IIP rose by 5.6 per cent in February, according to data released by the Ministry of Statistics and Programme Implementation.
Between April 2022 and February 2023, industrial output registered a growth of 5.5 per cent. The January IIP growth was revised to 5.2 per cent.
The official data showed that the manufacturing sector’s output rose by 5.3 per cent in February 2023, while mining output rose by 4.6 per cent, and power generation by 8.2 per cent during the month under review.
