Industrial Output Rises 1.8 Per Cent In November After 3 Months Of Contraction
The Industrial Output Grew 1.8 Per Cent In November On Account Of Growth In The Manufacturing Sector.
The industrial output grew 1.8 per cent in November, turning positive after three months of contraction, on account of growth in the manufacturing sector, showed government data on Friday. The Index of Industrial Production (IIP) had grown by 0.2 per cent in November 2018.
According to the National Statistical Office (NSO) data, the growth in the manufacturing sector was 2.7 per cent as against a contraction of 0.7 per cent in the same month last year. Electricity generation turned negative (-) 5 per cent as against a growth of 5.1 per cent in November 2018.
Mining sector output decelerated to 1.7 per cent from 2.7 per cent in the year ago month. The IIP growth during April-November period of the current fiscal came in at 0.6 per cent, down from 5 per cent in the same period of 2018-19.
For all the Latest Business News, Economy News, Download News Nation Android and iOS Mobile Apps.
More from Business
Take Control Of Your Financial Goals: Apply For A Personal Loan Now
Nihal Dangoria: An Indian Entrepreneur Making a Bright Future For The Real Estate Industry
Data breach incident at Extramarks highlights growing cybersecurity concerns in Indian companies
How is ePayLater empowering retailers across the country
Follow your heart, but don't ignore your mind When it comes to investing