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

Global Investors To Bet Big On India As The World’s Fastest Major Economy, Anticipating 'Second...

Global Investors To Bet Big On India As The World’s Fastest Major Economy, Anticipating 'Second...

Reliance MET City Announces The Inauguration Of Global Major BEUMER Group’s State-Of-The-Art...

Reliance MET City Announces The Inauguration Of Global Major BEUMER Group’s State-Of-The-Art...

SIP Inflows Wobble Slightly On The Tightrope Walk At ₹29,445 Crore, Less Steadier Than ₹29,529...

SIP Inflows Wobble Slightly On The Tightrope Walk At ₹29,445 Crore, Less Steadier Than ₹29,529...

Shakti Pumps Stock Surge Over 13% After Winning A ₹443.78 Crore Maharashtra Government Order

Shakti Pumps Stock Surge Over 13% After Winning A ₹443.78 Crore Maharashtra Government Order

Gold Outperforms Most Asset Classes Over The Long Term, Delivering An Annual Return Of 15% In Rupee...

Gold Outperforms Most Asset Classes Over The Long Term, Delivering An Annual Return Of 15% In Rupee...