India's Industrial Production Registers 2.7 Per Cent Growth In April

India’s industrial growth, based on the Index of Industrial Production (IIP), recorded a 2.7 per cent growth in April this year, according to data released by the Ministry of Statistics on Wednesday. The data showed that the manufacturing sector, which provides quality jobs for the country’s young graduates passing out of the country’s universities and engineering institutes, recorded a 3.4 per cent growth in April over the same month of the previous year. It also represented an acceleration compared to the 3 per cent growth registered in March.

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The power sector output grew by 1.1 per cent during the month, while the mining sector proved to be a laggard with a contraction of 0.2 per cent. This negative growth in the mining sector also pulled down the overall figure for industrial growth during the month.