India s April core industrial output rises 4.7% (Lead)
Thursday - May 31, 2018 5:52 pm ,
Category : BUSINESS
India s April core industrial output rises 4.7% (Lead)
New Delhi May 31 (IANS) The output of India s eight major industries accelerated by 4.7 per cent in April from a rise of 4.4 per cent in March official data showed on Thursday.
"The combined Index of Eight Core Industries stands at 124.2 in April 2018 which was 4.7 per cent higher as compared to the index of April 2017 " the Ministry of Commerce & Industry said in a statement.
"Its cumulative growth during April to March 2017-18 was 4.3 per cent."
According to the ministry the Index of Eight Core Industries (ECI) which represent major sectors like coal steel cement and electricity showed an uptrend on a year-on-year (YoY) basis.
The index had registered a rise of 2.6 per cent during the corresponding month of 2017.
The ECI index carries 40.27 per cent weightage of the Index of Industrial Production (IIP) which is the macro-gauge for India s factory output.
--IANS rv/vm
"The combined Index of Eight Core Industries stands at 124.2 in April 2018 which was 4.7 per cent higher as compared to the index of April 2017 " the Ministry of Commerce & Industry said in a statement.
"Its cumulative growth during April to March 2017-18 was 4.3 per cent."
According to the ministry the Index of Eight Core Industries (ECI) which represent major sectors like coal steel cement and electricity showed an uptrend on a year-on-year (YoY) basis.
The index had registered a rise of 2.6 per cent during the corresponding month of 2017.
The ECI index carries 40.27 per cent weightage of the Index of Industrial Production (IIP) which is the macro-gauge for India s factory output.
--IANS rv/vm
