Factory output rises 4.2% in April, fuelled by mining and manufacturing.

14 Jun 2023 CW Team

India's industrial production growth in April experienced an increase to 4.2% compared to 1.7% the previous year, driven by a rise in manufacturing and mining.

However, the growth in factory output was weaker compared to April 2022, when it reached 6.7%.

In the same period, infrastructure goods showed a growth of 12.8%, which was higher than the 4% expansion recorded the previous year. On the other hand, primary goods registered a growth of 1.9% compared to 10.3% a year ago.

In April 2023, power generation witnessed a decline of 1.1% compared to a growth of 11.8% in the previous year. Mining output, however, increased by 5.1% during the month under review, surpassing the growth rate of 8.4% from a year ago.

Rajani Sinha, Chief Economist at CareEdge, stated, "The industrial output surprised on the upside with a 4.2% growth in April, rebounding from subdued growth in the previous month. The improvement in the manufacturing sector and robust growth in the construction sector are encouraging. However, the continued weakness in external demand remains concerning, as reflected in the muted performance of export-intensive sectors such as textiles, apparel, leather, and related products."

In April, the output of intermediate goods grew by 0.8% compared to a growth rate of 7.1% during the same period last year.

Economists highlighted that the government's capital expenditure (capex) spending appeared to have supported infrastructure output. According to an HDFC report, the accounts of major state governments showed that they began incurring infrastructure expenditure in April 23, while government spending remained unchanged.

"The capex spending by states could have supported double-digit growth in the infrastructure and construction segment observed in April. Further, the output of capital goods also grew at a healthy pace of 6.2% in April-23," stated the report.

Resources

28 Apr 2025

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Factory output rises 4.2% in April, fuelled by mining and manufacturing.

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

Creativity is for Humans, Productivity is for Robots!

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Latest Updates

Advertisement

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address