India's industrial production rises 4.2% in April; CPI inflation cools to 4.25% in May

According to the data released by National Statistical Office (NSO), Monday showed that India’s factory output grew at a higher-than-expected clip of 4.2% in April, primarily driven by a low base effect and a pick-up in manufacturing and mining sectors. 

For the month of April 2023, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 140.2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of April 2023 stand at 122.5, 138.1 and 192.3 respectively.

As per Use-based classification, the indices stand at 142.1 for Primary Goods, 94.0 for Capital Goods, 150.7 for Intermediate Goods and 168.8 for Infrastructure/ Construction Goods for the month of April 2023. Further, the indices for Consumer durables and Consumer non-durables stand at 106.8 and 153.7 respectively for the month of April 2023, as per Ministry of Statistics & Programme Implementation data.

Also, India’s consumer price index inflation showed retail inflation slipping to a 25-month low of 4.25% in May on the back of easing food prices.

Source: Media reports

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