February's output index has also been revised lower to 7 percent growth from 7.1 percent earlier.
India’s industrial production grew 4.4 percent in March as compared with a robust 7 percent jump in February.
February's output index has also been revised lower to 7 percent growth from 7.1 percent earlier.
Cumulative IIP growth for the period of April 2017-March 2018 over the corresponding period of the previous year stands at 4.3 percent.
Factory output measured by the index of industrial production (IIP) is the closest approximation for measuring economic activity in the country’s business landscape.
Manufacturing sector, which accounts for more than three-fourths of the entire index, grew at 4.4 percent in March slower than 8.7 percent in February.
Capital goods output, which is a proxy to measure private sector investment activity, fell 1.8 percent in March, after it soared 20 percent in February.
Consumer durables output increased 2.9 percent in March from 7.9 percent in February, while consumer non-durables grew 10.9 percent in March as compared with 7.4 percent jump in February.
Electricity production grew 5.9 percent in March from 4.5 percent in February, while mining activity’s growth grew 2.8 percent from (-) 0.3 percent in February.