Factory output grows at slower pace of 4.9% in April, shows government data based on new series

Factory output grows at slower pace of 4.9% in April, shows government data based on new series

India's IIP grew 4.9% in April—slower YoY—as manufacturing +6.2% offset energy-sector weakness from West Asia crisis. New index adds 120 tech products (CCTV, electronics +19%) with higher capital-goods weight, reflecting India's shift toward IT-intensive manufacturing.