Industrial growth at 6-mth high of 3.4% in April

New Delhi: India’s industrial output grew to a six-month high of 3.4% in April mainly on account of improvement in mining and power generation, according to government data released on Wednesday. The Index of Industrial Production (IIP) had expanded by 4.5% in April 2018. The previous high in IIP growth was recorded at 8.4% in October 2018. The expansion in the mining sector was 5.1% compared to 3.8% in the year-ago month. Similarly, the growth in the power sector was 6% in April as against 2.1% in the corresponding month of the last fiscal. PTI