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India's IIP Growth Contracts 0.3% In December

12 Feb 2020 5:52 pm
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NEW DELHI (Commoditiescontrol) - The country's industrial output contracted by 0.3 percent 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 percent in December 2018.

According to the National Statistical Office (NSO) data, manufacturing sector output declined by 1.2 percent compared to growth of 2.9 per cent in the same month a year ago.

Electricity generation also dipped 0.1 percent as against a growth of 4.5 percent in December 2018.

Mining sector output grew by 5.4 percent, compared to a contraction of 1 percent earlier.

The IIP growth during April-December period of the current fiscal decelerated to 0.5 percent from 4.7 percent expansion in the same period of 2018-19.

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