Industrial production contracts 1.9 per cent in November

By: |
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.

Do you know What is Positive GDP growth seen in Q3, need to fight inflation: RB, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Big jump in CPSE capex, Q3 matches H1
2Govt procures paddy worth Rs 1.06 lakh crore so far this kharif season
3Demand to rationalise GST on food delivery business to 5 per cent