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

MTNL Approves ₹350.72 Crore Mumbai Property Sale, BKC Housing Block To Be Sold To NABARD

MTNL Approves ₹350.72 Crore Mumbai Property Sale, BKC Housing Block To Be Sold To NABARD

GST Cuts Lift Retail Credit Demand Across India, Auto & Consumer Loans Lead Growth

GST Cuts Lift Retail Credit Demand Across India, Auto & Consumer Loans Lead Growth

Sensex, Nifty End Slightly Lower After Early Recovery, Weak Global Signals Keep Investors Careful

Sensex, Nifty End Slightly Lower After Early Recovery, Weak Global Signals Keep Investors Careful

Gold Futures Hit Fresh Record Of ₹1,35,496/10g

Gold Futures Hit Fresh Record Of ₹1,35,496/10g

Bharat Heavy Electricals Hands Over Dividend Cheque Of ₹109 Crore To The Government For The...

Bharat Heavy Electricals Hands Over  Dividend Cheque Of ₹109 Crore To The Government For The...