Deep in the red: India's Sep industrial output shrinks 4.3%
Monday - November 11, 2019 5:56 pm ,
Category : BUSINESS
New Delhi, Nov 11 (IANS) Contraction in manufacturing and mining activity plunged India's September factory output deep in the red.The Index of Industrial Production (IIP) declined (-) 4.3 per cent in September from (-)1.40 per cent in August 2019."The Quick Estimates of IIP with base 2011-12 for the month of September 2019 stands at 123.3, which is 4.3 per cent lower as compared to the level in the month of September 2018," the Ministry of Statistics & Programme Implementation said."The cumulative growth for the period April-September 2019 over the corresponding period of the previous year stands at 1.3 per cent."
--IANS rv/vd
--IANS rv/vd
