Capital goods surge reflects strong investment demand as industrial growth loses pace: BoB Report
New Delhi, June 2 -- Capital goods output emerged as the strongest-performing segment of India's industrial sector in April 2026, registering a robust 16 per cent growth even as overall industrial production growth eased to 4.9 per cent, according to a report by Bank of Baroda based on the revised Index of Industrial Production (IIP) series.
Industrial production grew 4.9 per cent in April 2026, lower than the 5.7 per cent growth recorded in the corresponding month last year. The report noted that slower growth was visible across sectors, with mining output contracting and manufacturing, electricity, and water supply witnessing deceleration.
However, capital goods bucked the broader trend and continued to record double-digit growth.
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