IIP: India's Factory Output Growth Recovers In November
Business
oi-Olga Robert
By Staff
Government data released on Friday showed the Index of Industrial Production (IIP) for the month of November. As per the National Statistical Office's (NSO) data, factory output rose by 1.8 percent in November and manufacturing growth stood at 2.7 percent. Mining clocked a growth of 1.7 percent.
Despite improvement when compared to the previous month, the April-November IIP growth was at 0.5 percent, which is meagre when compared to 5 percent in the same period of the previous year.
Core sector output, which forms 40 percent of IIP contracted 1.5 percent in for November but showed marked improvement from previous months.
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