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India’s factory output quickens due to boost in manufacturing

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New Delhi: An uptick in manufacturing pushed up India’s factory output to 4.1 percent in April, against 2.1 percent in the month before.

Further, among the six sectoral indices, capital goods expanded by 11.1 percent, as per official data released Friday.

The factory output had grown at a slower pace of 2.1 percent in March from 5 percent in February. The factory output had stood at 3.7 percent in April, 2014.

According to the Central Statistics Office (CSO) which released the data on the Index of Industrial Production (IIP), the healthy growth in the factory output for April was attributed to an uptick in the manufacturing sector.

The manufacturing sector, which has the maximum weightage in the IIP, grew by 5.1 percent in the month under review from 2.2 percent in March.

For the other two major sub-indices of the IIP, the CSO data showed that the index for the mining sector inched by 0.6 percent against 0.9 percent in March, while that for electricity segment was down 0.5 percent in April, against a growth of 2 percent in the month before.

The three sub-indices of the IIP namely manufacturing, mining and electricity, had registered a growth of 3 percent, 1.7 percent and 11.9 percent in April, 2014 respectively.

Friday’s data also showed that among the six use-based classifications of the index, the output of capital goods expanded by 11.1 percent. The capital goods segment is a key indicator of economic activity.

While consumer non-durables, intermediate goods, consumer goods and basic goods also came out with healthy performance. These sectors grew by 4.4 percent, 3.3 percent, 3.1 percent and 2.8 percent respectively.

The consumer durables segment expanded by just 1.3 percent in April.

Overall, 16 out of the 22 industry groups in the manufacturing sector have shown positive growth during the month under review.

Segment-wise, growth was witnessed in plastic moulding machinery (266.4 percent), aluminium conductor (92 percent), cashew karnels (52.4 percent), vitamins (48.3 percent), boilers (40.3 percent), air conditioner (34.4 percent), copper products (33.4 percent), tea (33.2 percent), carbon steel (32.5 percent), block board (26.3 percent), three-wheelers (24 percent) and sugar (22.9 percent).

Segment-wise, high negative growth was reported in cigarettes (- 52.8 percent), grinding wheels (- 46.5 percent), computers (- 46.4 percent), telephone instruments including mobile phones and accessories(-43 percent), cement machinery (- 38.9 percent), tractors (- 35.2 percent), aviation turbine fuel (- 29.3 percent) and aerated waters, soft drinks (- 23.5 percent). (IANS)

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Vivo NEX with Pop-up Selfie Camera, 8GB RAM in India

The device runs Vivo's proprietary FunTouch OS 4.0 based on Android 8.1 Oreo

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The pop-up selfie camera comes with an 8MP camera sensor. (IANS)

Upping the ante when it comes to innovation, Chinese smartphone maker Vivo on Thursday launched its made in India “NEX” smartphone with pop-up selfie shooter at Rs 44,990 in India.

The smartphone, that will be available for purchase both online and select retail stores from July 21, comes with an in-display fingerprint sensor and has high-end specifications including a Qualcomm Snapdragon 845 chipset, 8GB RAM and 128GB onboard storage.

The company also introduced a new “cooling system” on the smartphone which is dedicated to hardcore gamers and said the feature would will keep the device cool even during long sessions of gaming.

“The Vivo NEX smartphones are being manufactured at the company’s facility in Noida, Uttar Pradesh,” Nipun Marya, Head of Marketing Strategy, Vivo India, told reporters here.

Vivo-Nex
Chinese smartphone maker Vivo on Thursday launched its made in India “NEX” smartphone with pop-up selfie shooter at Rs 44,990 in India. (IANS)

The retractable front snapper of the device pops out in a jiffy while the 6.59-inch full-HD+ Super AMOLED “Ultra FullView” display with 19.3:9 aspect ratio doubles up as an earpiece, using the company’s “Screen SoundCasting” technology.

The smartphone sports dual rear camera set-up with 12MP+5MP sensors, 4-Axis OIS, slow motion, backlight HDR, live photo, portrait bokeh (dual cameras), panorama, time lapse, AR stickers and filters.

Also Read: Vivo Readying to Launch Products Across Price-points in India

The pop-up selfie camera comes with an 8MP camera sensor.

The device runs Vivo’s proprietary FunTouch OS 4.0 based on Android 8.1 Oreo. (IANS)