Industrial production increased, production increased by 7.1 percent in April

The industry was hit hardest by the Corona pandemic. After the end of the lockdown, the industry of the industry is slowly coming back on track. This is the reason why industrial production is also increasing. According to the National Statistical Office (NSO), there has been a good growth in industrial production in the month of April. Industrial production has increased by 7.1 percent. 

According to the data released by the National Statistical Office (NSO), the manufacturing sector registered a growth of 6.3 per cent in the first month of the current financial year. According to the data, the power and mining sectors grew by 11.8 per cent and 7.8 per cent, respectively. As per the used-based classification, the capital goods segment registered a growth of 14.7 per cent, while the sustainable consumer sector registered a growth of 8.5 per cent.

Giving further information, NSO said that there has been an increase of 10.1 percent in primary goods. At the same time, there has been an increase of 7.6 percent in intermediate goods. Also the infrastructure/constructional goods and consumer non-durable sectors grew by 3.8 per cent and 0.3 per cent, respectively.

RBI Governor Shaktikanta Das gave a hint earlier this week while announcing the third monetary policy for 2022-23. He had said that the information available for April and May 2022 indicates that the recovery in domestic economic activity remains strong. The Manufacturing and Services Purchasing Managers' Index (PMI) for May points to activity and expansion.