BUSINESS
Meanwhile, the IIP growth rate for March this year has been revised to 3.4% from the provisional estimates of 2.5% released last month.
The industrial production growth has slipped to 2% in April on account of dismal performance of manufacturing, mining and power sectors coupled with lower output of capital goods.
The factory output measured in terms of index of industrial production (IIP) had seen a contraction of 1.3% in April last year, according to official data released here on Wednesday.
Meanwhile, the IIP growth rate for March this year has been revised to 3.4% from the provisional estimates of 2.5% released last month.
The industrial growth in 2012-13 has also been revised slightly upwards to 1.1% from provisional estimates of 1% released in May. IIP growth in 2011-12 was 2.9%.
Manufacturing sector, which constitutes over 75% of the index, grew by meagre 2.8% in April against a decline in the output by 1.8% in the year-ago month.
Power generation grew by just 0.7% in April this year compared to a growth of 4.6% in same month last year.
The mining sector output contracted by 3% in April this year compared to a decline in the production by 2.8% in April 2012.
The capital goods output saw a growth of just one% in April this year compared to a decline in production by 21.5% in the year-ago period.
Overall, 13 out of the 22 industry groups in manufacturing sector have shown positive growth during April.
The consumer goods output also saw a meagre growth of 2.8% in April, compared to 3.7% in same month last year.
The decline in the output of consumer durables stood at 8.3 per cent in April, from a growth of 5.4% in the same month of 2012.
The consumer non-durables output grew by 12.3% in April against 2.3% in April last year.
The intermediate goods production grew by 2.4% in April, compared to a decline in output by 1.8% in year-ago period.
The basic goods output grew by 1.3% in the reported month from 1.9% in April 2012.
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