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

EPC Firms Struggle With Persistent Labour Shortages As Order Books Surge And Hiring Lags
EPC Firms Struggle With Persistent Labour Shortages As Order Books Surge And Hiring Lags
Infosys Reports ₹45,479 Crore Revenue, Net Profit Dips To ₹6,654 Crore In Q3 FY26
Infosys Reports ₹45,479 Crore Revenue, Net Profit Dips To ₹6,654 Crore In Q3 FY26
Pakistan’s Income & Wealth Inequality Reaches Alarming Levels: Report
Pakistan’s Income & Wealth Inequality Reaches Alarming Levels: Report
Mangalore Refinery Q3 Profit Drops 62% To ₹604 Crore, Revenue Dips To ₹25,352 Crore Amid...
Mangalore Refinery Q3 Profit Drops 62% To ₹604 Crore, Revenue Dips To ₹25,352 Crore Amid...
Bharat Coking Coal IPO Listing Delayed Due To BMC Elections, Massive Subscription Fuels Strong...
Bharat Coking Coal IPO Listing Delayed Due To BMC Elections, Massive Subscription Fuels Strong...