India, May 28 -- India's industrial production growth moderated in April, though at a slower-than-expected pace, data from the Ministry of Statistics and Programme Implementation showed Wednesday.
Industrial production rose 2.7 percent year-over-year in April, after an upwardly revised 3.9 percent growth in March. The expected increase was 1.0 percent.
The overall growth in April was mainly driven by a 3.4 percent expansion in the manufacturing sector. Electricity production grew 1.1 percent compared to last year, while mining activity logged a contraction of 0.2 percent.
Among use-based categories, the consumer goods division showed the strongest production growth of 7.9 percent, followed by construction goods with 6.7 percent. The annu...