The IIP for March has been revised to a growth 0.4 percent, up from a drop 0.1 of percent reported earlier.
India’s industrial output grew 3.4 percent month-on-month (MoM) in April, according to the Index of Industrial Production (IIP) data released by the government on June 12.
The Industrial output, or factory output, is the closest approximation for measuring the economic activity in the country's business landscape.
The Indices of Industrial Production for the mining, manufacturing and electricity sectors for April 2019 grew 5.1 percent, 2.8 percent and 6.0 percent as compared to April 2018.
The IIP for March has been revised to a growth 0.4 percent, up from a drop 0.1 of percent reported earlier.
India's gross domestic product (GDP) grew 5.8 percent in January-March, the official data released on May 31 showed, confirming fears of a slowdown. The growth in GDP was the slowest since 2014-15.
The manufacturing sector grew 3.1 percent in January-March 2019 from 9.5 percent in the same quarter last year. For the whole year, the manufacturing sector stood at 6.9 percent in 2018-19 from 5.9 percent in 2017-18.
The factory output measured by the index of industrial production (IIP) contracted in March 2019, the first time in 21 months. This shows a declining momentum of both investment and consumption. Even core industries productions of steel, electricity, coal and cement are falling or have been stagnant in recent quarters.
Slowdown signs have been visible since last year, with GDP growing 6.6 percent in October-December 2018. The national income data have reinforced deceleration signs that were emanating from a slew of shop-end data, such as car and consumer goods sales, often seen as proxy indicators to gauge trends in household spending.
