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IIP contracts 1.6% in January; mining, manufacturing output falls
The country s industrial output contracted 12.2 per cent in April-January period of the current fiscal, the data showed.
BusinessToday.In | March 13, 2021 | Updated 00:48 IST
In January 2020, industrial production had grown 2.2 per cent.
India s industrial output, measured by the Index of Industrial Production (IIP), contracted 1.6 per cent year-on-year in January, according to the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Friday.
The first revised figure for industrial output data for December 2020 and final revised number for October 2020 were also released. While IIP rose 4.5 per cent in October 2020, it grew 1.6 per cent in December. Industrial output had contracted 2.1 per cent in November 2020. In January 2020, industrial production had grown 2.2 per cent.
Inflation: Double whammy: India s industry output contracts to 1 6% Jan; retail inflation rises to 5 03% in Feb indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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