April industrial output growth at 134.4% y-o-y on the back of low-base effect

India's industrial output growth was estimated at 134.4% in April from a year earlier, government data showed on Friday, a sharp recovery reflecting a low base effect due to the COVID-19 induced lockdown that hit economic activity last year.

According to government data, the industrial output index rose to 126.6 in April from 54.0 in April last year, when the lockdown hit the production.

The government did not release data in percentage terms.


Analysts polled by Reuters had expected a rise of 120% in April from a fall of more than 57% during the year-ago period.

The production index measures factory output in manufacturing, mining and electricity generation.