IIP Growth Slides To 9-Month Low Of 1.4% In November 2021
Though the growth was there on year-on-year basis, it was the lowest in nine months
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Though the growth was there on year-on-year basis, it was the lowest in nine months
Index of Industrial Production (IIP Data), October 2021: Industrial production gauged by the industrial production index, slipped to 3.2 per cent in October, compared to 4,5 per cent in the year-ago period.
India's November Industrial Output Sees 1.9% Contraction Industrial production has been hit due to the COVID-19 pandemic since March. A labourer welds an iron pillar at a building material factory in an industrial area in Uttar Pradesh. Photo: Reuters New Delhi: India’s industrial production contracted by 1.9% in November, official data showed on Tuesday. According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7% in November 2020. Mining output also declined 7.3%, while power generation grew 3.5%. The IIP had grown by 2.1% in November 2019.