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Industrial Production jumps 4.1% in April, manufacturing zooms

Electricity production in India fell by 0.5% in the given month exposing the issues with coal production.

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The Index of Industrial Production (IIP) as released by the Central Statistics Office (CSO) stood at 4.1% for the month of April as against 3.7% in April of last year. 

Industry experts and analysts expected IIP at 1.6% for the month. 

The index stood at 176.9 as against 172 for the corresponding month of last year. 

Manufacturing sector continued its five month growth by registering a 5.1% increase. Mining sector for the month of April rose by 0.6%. 

Electricity production in India fell  by 0.5% in the given month exposing the issues with coal production. 

The government data showed that 16 out of 22 areas in manufacturing sector registered growth. CSO said, "The industry group ‘Machinery and equipment n.e.c.’ has shown the highest positive growth of 20.6%, followed by 16.2% in ‘Wood and products of wood & cork except furniture; articles of straw & plating materials’ and 13.4% in ‘Electrical machinery and apparatus n.e.c.’."

Basic goods, capital goods and intermediate goods rose by 2.8%, 11.1% and 3.3% respectively in April 2015 as against April 2015. 

The consumer durables sector, which contracted last month and was a prime reason for IIP of 2.1% in March, grew by 1.3%. Consumer non-durables saw a jump of 4.4% in the given month. 

Among the sectors that saw a fall were ‘Cigarettes’ [(-) 52.8%], ‘Grinding Wheels’ [(-) 46.5%], ‘Computers’ [(-) 46.4%], ‘Telephone Instruments (including Mobile Phones & Accessories)’ [(-) 43.0%], ‘Cement Machinery’ [(-) 38.9%], ‘Tractors (complete)’ [(-) 35.2%], ‘Aviation Turbine Fuel’   [(-) 29.3%] and ‘Aerated Waters and Soft Drinks’ [(-) 23.5%].

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