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Industrial Production contracts 0.3% in December on manufacturing slump

Thursday, February 13, 2020, 8:38 AM

India's industrial production growth turned negative in December, contracting by 0.3%, mainly on account of a decline in manufacturing sector output, official data showed on Wednesday. Factory output, as measured in terms of the Index of Industrial Production(IIP), had recorded a growth of 2.5% in December 2018. Electricity generation also fell by 0.1% as against a growth of 4.5% in December 2018.
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Industrial production drops by 1.1% in August

Friday, October 11, 2019, 8:14 PM

Industrial growth shrank 1.1% in August, after a gap of 26 months, reinforcing fears of a slowing economy and deteriorating consumer sentiment. Industrial production, as measured by the index of industrial production(IIP) had grown 4.8% August last year. Data released by the statistics office on Friday showed April-August factory output growth at 2.4% well below 5.3% for the same period in the last fiscal.