India's industrial production rose 4.9 per cent year-on-year in April, the first month of the current financial year, the official Central Statistical Organisation said on Thursday.
Industrial output grew 4.1 per cent in April 2002.
Manufacturing output in April 2003 rose by 5.0 per cent from a year earlier. The growth for April 2002 was 4.0 per cent.
According to the Quick Estimates of Index for Industrial Production, the mining sector also contributed to the industrial growth, up by 8.3 per cent during the period.
The sector registered a turnaround after growing at a meagre 3.6 per cent during April 2002.
The mining sector grew at a rate of 5.7 per cent during the 2002-03 financial year.
However, production in electricity sector fell to 1.9 per cent during the first month of the current fiscal from 5.2 per cent in the year-ago period.
According to the use-based index of industrial production, the capital goods sector, while witnessing a turnaround, posted a robust growth of 9.0 per cent during April 2003 as against the fall of 0.6 per cent in the year-ago period.
Production in the consumer goods sector declined to 5.8 per cent during April 2003 from 8.9 per cent in the corresponding period a year ago.
The consumer durables sector witnessed a negative growth of 2.2 per cent during the month as against a growth of 3.6 per cent in April 2002.
The consumer non-durables also declined to 8.3 per cent in April 2003 from 10.7 per cent during the same period year ago, indicating a reduced consumer spending during the month.
Production in basic goods sector fell to 3.9 per cent during the first month of the current fiscal as against 4.7 per cent in April 2002, while the intermediate goods sector posted a robust performance by clocking a 4.1 per cent growth in April 2003 as against 0.1 per cent during the year-ago period.
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