Green shoots: Deceleration in July's industrial activity eases
Friday - September 11, 2020 6:24 pm ,
Category : BUSINESS
New Delhi, Sep 11 (IANS) A sequential rebound in industrial activity eased the contraction rate of India's factory output in July, official data showed on Friday.However, Covid-19 pandemic continued to heavily dent India's factory output on a year-on-year basis. As per the Quick Estimates of Index of Industrial Production (IIP), the contraction in factory output eased to (-) 10.4 per cent in July from (-) 16 per cent reported for June.However, on a YoY basis, the comparison became more stark, as the IIP had registered a growth of 4.9 per cent in the corresponding period of last year.
--IANS rv/rt
--IANS rv/rt
