In April 2024, India’s industrial production growth decelerated to 5.8%, marking its lowest point in three months. This decline contrasts with the 7.1% growth recorded in March. The manufacturing sector, a major contributor, saw its growth rate slow to 3.9%, down from 5.5% in April of the previous year.
Source:- BBC news
While there was notable growth in power generation at 10.2%, compared to a contraction in April 2023, the capital goods and consumer non-durables segments underperformed, with growth falling to 3.1% and a contraction of 2.4%, respectively. Conversely, consumer durables and infrastructure goods showed more robust performance, expanding by 9.8% and 8%, respectively.
Source:- news 18
The overall industrial slowdown is attributed to various factors, including weakening demand and global economic uncertainties, impacting sectors unevenly .
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