India's industrial output shrinks by 0.3% in December

India's industrial output shrinks by 0.3% in December

The Index of Industrial Production (IIP) had grown by 2.5 per cent in December 2018.

PTIUpdated: Wednesday, February 12, 2020, 06:00 PM IST
article-image
File Picture

The country's industrial output contracted by 0.3 per cent in December, weighed by a decline in the manufacturing sector, government data showed on Wednesday.

The Index of Industrial Production (IIP) had grown by 2.5 per cent in December 2018.

According to the National Statistical Office (NSO) data, manufacturing sector output declined by 1.2 per cent compared to growth of 2.9 per cent in the same month a year ago.

Electricity generation also dipped 0.1 per cent as against a growth of 4.5 per cent in December 2018.

Mining sector output grew by 5.4 per cent, compared to a contraction of 1 per cent earlier.

The IIP growth during April-December period of the current fiscal decelerated to 0.5 per cent from 4.7 per cent expansion in the same period of 2018-19.

RECENT STORIES

Precious Metals Prices Slide: Silver Falls 5 Per Cent To ₹2.55 Lakh Per Kg, Gold Drops To ₹1.58...
Precious Metals Prices Slide: Silver Falls 5 Per Cent To ₹2.55 Lakh Per Kg, Gold Drops To ₹1.58...
Ola Electric Delivers Record 34 Per Cent Gross Margin In Q3, Executes Structural Reset To Lower...
Ola Electric Delivers Record 34 Per Cent Gross Margin In Q3, Executes Structural Reset To Lower...
India’s Gem & Jewellery Exports Fall 5.79 Per Cent In January To $2.24 Billion Amid Global Trade...
India’s Gem & Jewellery Exports Fall 5.79 Per Cent In January To $2.24 Billion Amid Global Trade...
Govt Approves Export Of 25 Lakh Tonnes Of Wheat And Additional Sugar Quotas To Stabilise Markets
Govt Approves Export Of 25 Lakh Tonnes Of Wheat And Additional Sugar Quotas To Stabilise Markets
CCL Products Q3 Profit Rises 8% QoQ To ₹141 Crore, Revenue Grows 7% YoY To ₹1,279 Crore
CCL Products Q3 Profit Rises 8% QoQ To ₹141 Crore, Revenue Grows 7% YoY To ₹1,279 Crore