Mumbai: Owing to a dismal performance by the country’s manufacturing, mining and power segments, the industrial production has marked a drop of 2% for the April period, coupled with lower output of capital goods. The statistics disclosed under the Index of Industrial Production further outlines contraction in the factory output of 1.3% in April last year.
Manufacturing segment comprising 75% share in the index, posted a growth of about 2.8% in April against the fall in output by 1.8% a month ago. Power generation on the other hand marked a meager growth of just 0.7% during the April period against the 4.6% growth attained during March.
Further, the mining sector output contracted by 3% in April against a production decline of 2.8% in April 2012 period.
Manufacturing segment comprising 75% share in the index, posted a growth of about 2.8% in April against the fall in output by 1.8% a month ago. Power generation on the other hand marked a meager growth of just 0.7% during the April period against the 4.6% growth attained during March.
Further, the mining sector output contracted by 3% in April against a production decline of 2.8% in April 2012 period.