New Delhi: The industrial production expanded by 4.9 percent in April 2018 on improved performance by manufacturing and mining sectors as also a robust offtake of capital goods.
The industrial growth, based on Index of Industrial Production (IIP), was 3.2 percent in April last year. The IIP for March this year has been revised upwards to 4.6 percent from 4.4 percent estimated earlier.
As per the data released by the Central Statistics Office (CSO), the manufacturing sector which accounts for over 77 percent weight of the index, recorded a growth of 5.2 percent in April this year, up from 2.9 percent a year ago. Similarly, the mining output grew by 5.1 percent, compared to 3 percent in the year-ago period. Electricity rose 2.1 percent and capital goods production rose 13 percent in the month. Infrastructure and construction goods also rose by 7.5 percent on a year-on-year basis.
On the other hand, retail inflation hit a four-month high of 4.87 percent in May on costlier fruits and vegetables, and fuel. Based on the Consumer Price Index, the retail inflation was at 4.58 percent in April. In May last year, it was at a low of 2.18 percent.