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Industrial Production contracts 0.3% in December on manufacturing slump

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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