Industrial production contracts 1.9 per cent in November

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January 12, 2021 6:02 PM

According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7 per cent in November 2020.

The IIP had grown by 2.1 per cent in November 2019.The IIP had grown by 2.1 per cent in November 2019.

India’s industrial production contracted by 1.9 per cent in November, official data showed on Tuesday.

According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7 per cent in November 2020.

Mining output also declined 7.3 per cent, while power generation grew 3.5 per cent.

The IIP had grown by 2.1 per cent in November 2019.

Industrial production has been hit due to the COVID-19 pandemic since March last year when IIP contracted by 18.7 per cent in the month.

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