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Source: Highlights The worst performance was witnessed by the capital goods sector, which recorded a contraction of 9.6% during the month under review, compared to a 4.4% decline a year ago A contraction of 3.7% was registered in the mining sector in January, against a positive growth of 4.4% in the year-ago period New Delhi: Industrial production re-entered the negative territory by contracting 1.6 per cent in January, mainly on account of the decline in output of capital goods, manufacturing and mining sectors. The output of the manufacturing sector -- which constitutes 77.6 per cent of the...

IIP Data: Industrial production fell 1.6 per cent in January 2021 The industrial production was down 1.6 per cent in January from a year earlier, government data showed on Friday. According to a recent poll of analysts conducted by news agency Reuters, the industrial production was expected to rise 0.9 per cent year-on-year in January. The industrial production, or the factory output, gauged by the Index of Industrial Production (IIP), declined 1.6 per cent in January, after registering a one per cent growth in December 2020. Separate government data showed that retail inflation rose 5...

The Indian benchmark indices ended Friday's session lower, down over 1 per cent, triggered by an across-the-board sell-off that saw all the Nifty sectoral indices ending the session in the red. Among headline indices, the S&P BSE Sensex tumbled as much as 788 points from the previous day's close to 48,796 in the intra-day deals, before partially erasing the losses and ending at 49,035, down 549 points. The broader Nifty50 index ended the day 1.1 per cent lower at 14,434. The fall comes amid worries over the Indian markets' soaring valuations and profit booking by investors after the major i...

IIP Data: Industrial production shrank by 1.9 per cent in November 2020 Industrial production in the country contracted by 1.9 per cent in November 2020, after registering a growth in October, government data showed on Tuesday, January 12. According to the Index of Industrial Production (IIP) data, the manufacturing sector output shrank by 1.7 per cent in November 2020. The mining output also contracted 7.3 per cent, while power generation grew 3.5 per cent. The IIP had grown by 2.1 per cent in the corresponding month of 2019. Industrial production has been hit due to the COVID-19 pandem...

Index of Industrial Production, November 2020: The country's output of eight core sectors - also known as infrastructural output, contracted by 2.6 per cent in the month