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Business Economy

India’s industrial output grew 3.4 pc MoM in April

New Delhi, Jun 12 (UNI) India’s industrial output grew 3.4 per cent month-on-month in April, according to the Index of Industrial Production data released by the government on Wednesday.
The Quick Estimates of IIP for the April 2019 was 3.4 per cent higher as compared to the level in the month of April 2018. The cumulative growth for the period April-March 2018-19 over the corresponding period of the previous year stood at 3.6 per cent.
Industrial Production for the Mining, Manufacturing and Electricity sectors for April 2019 registered growth rates of 5.1 per cent, 2.8 per cent and 6.0 per cent respectively as compared to the same month last year.
Mining, Electricity and Diesel were High Positive Contributors to the growth.
In terms of industries, 14 out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of April 2019 as compared to the corresponding month of the previous year.
The industry group ‘Manufacture of wearing apparel’ has shown the highest positive growth of 33.6 per cent followed by 22.6 per cent in ‘Manufacture of wood and products of wood and cork.
As per Use-based classification, the growth rates in April 2019 over April 2018 are 5.2 per cent in Primary goods, 2.5 per cent in Capital goods, 1.0 per cent in Intermediate goods and 1.7 per cent in Infrastructure/ Construction Goods .
The Consumer durables and Consumer non-durables have recorded growth of 2.4 per cent and 5.2 per cent respectively, said the Ministry of Statistics & Programme Implementation.
More News

CREDAI Telangana announces it’s new office bearers

19 Sep 2019 | 11:39 PM

Hyderabad, Sep 19 (UNI) The Confederation of Real Estate Developers Association of India (CREDAI) Telangana on Thursday announced its new office bearers for the period 2019 to 2021, who would be responsible for spearheading and strengthening the CREDAI initiatives in Telangana and support the development of the sector in the region.

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S African delegations calls on Telangana Minister

19 Sep 2019 | 11:33 PM

Hyderabad, Sep 19 (UNI) South African delegation led by High Commissioner Sibusiso Ndebele called on Telangana Minister for IT and Municipal Administration ,K T Rama Rao here, an official release said here on Thursday.

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Maangalya launches its 7th shopping mall in Telangana

19 Sep 2019 | 9:48 PM

Hyderabad, Sep 19 (UNI) Maangalya shopping mall - the largest textile retail mart in Telangana, has launched its seventh store spread over a lavish 25,000 sq ft shopping space at Kukatpally, in the city on Thursday.

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No stressed MSME will be declared NPA uptil March 31, 2020: FM

19 Sep 2019 | 9:13 PM

New Delhi, Sep 19 (UNI) Announcing a slew of measures to tackle the economic crisis post bank mergers, Union Finance Minister Nirmala Sitharaman said on Thursday that stressed MSMEs will not be declared as non-performing assets (NPAs) till March 31 next year.

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IKEA celebrates Better Sleep Festival ; unveils 6 dimensions

19 Sep 2019 | 7:24 PM

Hyderabad, Sep 19 (UNI) IKEA, the world’s leading multi-channel home furnishings retailer celebrated the Better Sleep Festival at a store here on Thursday to encourage people to value their sleeping life as much as their waking life by helping people to sleep better.

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