World Economy

India Factory Production Up 4.9 Percent

India Factory Production Up 4.9 PercentIndia Factory Production Up 4.9 Percent

India’s industrial output rose by 4.9% in April 2018 from a rise of 4.57% in March, official data showed on Tuesday, PTI reported. According to the data furnished by the Central Statistics Office, the corresponding growth during April 2017 stood at 3.2%. “The general index for the month of April 2018 stands at 123, which is 4.9% higher as compared to the level in the month of April 2017,” CSO said in the “Quick Estimates of Index of Industrial Production”. Meanwhile, provisional consumer price inflation rate for May stood at 4.87% compared to the same month last year, data released by the ministry of statistics and program implementation showed on Tuesday. This is higher than the final figure of 4.58% for April. The retail inflation rate in urban areas was 4.88% in May, against 4.42% in April. In rural areas, retail inflation stood at 4.72% in May, compared to 4.67% in April. The consumer food price index showed inflation of 3.10% in May, compared to 2.80% in April.

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