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Industrial growth at 6-month high of 3.4% in April

Thursday, June 13, 2019

Industrial production grew at a six-month high of 3.4% in April mainly on account of improvement in mining and power generation, according to official data released yesterday.

The Index of Industrial Production (IIP) had expanded by 4.5% in April 2018.

The expansion in the mining sector was 5.1% compared to 3.8% in the year-ago month. Similarly, the growth in the power sector was 6% in April as against 2.1% in the corresponding month of the last fiscal.

However, there was a slowdown in the manufacturing sector.

The previous high in industrial growth was recorded at 8.4% in October 2018.

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