India Factory Output Falls to 0.8 Percent
In the last few months, the general index has dropped on four occasions, while growing by 2 percent in February.
- In a rather disappointing start to this fiscal year, India’s factory output fell to 0.8 percent in April against a marginal growth of 0.30 percent in the month before, official data showed on Friday.
- As per data on Index of Industrial Production (IIP) released by the Central Statistics Office (CSO), the fall was mainly on account of a 3.1 percent drop in manufacturing output, which also has the maximum weight in the overall index.
- In the past six months, the general index has taken a drop on four occasions, while growing by a mere 2 per cent in February and 0.3 per cent in March.
(With agency inputs.)
Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.
Join over 120,000 subscribers!