The manufacturing sector rose an annual 6. 3% in April, higher than the 1. 4% in March and the electricity sector rose 11. 8% compared to a 6. 1% growth in the previous month.
“When compared with the pre-Covid level of April 2019, the IIP was 6. 8% higher in April 2022, with a doubledigit growth in intermediate, infrastructure and primary goods, amidst a flattish performance of consumer non-durables, and an unpalatable contraction in capital goods and consumer durables,” said Aditi Nayar, chief economist at ratings agency ICRA. She said consumption remains tentative on the whole, with underlying unevenness.
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