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Industrial Output of India rise to 4.2% in April

New Delhi: The Industrial output of India rose to 4.2% in April this year. Data released by the Ministry of Statistics and Programme Implementation data revealed this.

The index of industrial production (IIP) surged  as the manufacturing sector’s output grew 4.9% in April while Mining output rose by 5.1%. Power generation declined by 1.1% in April. Factory output measured in terms of the IIP grew 6.7% in April last year.

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IIP is an index that  out the growth of various sectors in the economy. The Eight Core Industries comprise more than 40% of the weight of items included in IIP. These Eight Core Industries are Electricity, steel, refinery products, crude oil, coal, cement, natural gas, and fertilizers.

 

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