Industrial production declines by 16.6 per cent in June: Govt data

Analysts polled by Reuters had expected industrial output contraction of 20.0% in June, compared to a revised 33.9% annual contraction in May, the data showed.

India’s industrial output contracted 16.6% in June from a year earlier, government data showed on Tuesday, as a monthly measure indicated some recovery in the sector that was hit by lockdowns imposed to curb the spread of coronavirus.

India’s industrial output contracted 16.6% in June from a year earlier

Analysts polled by Reuters had expected industrial output contraction of 20.0% in June, compared to a revised 33.9% annual contraction in May, the data showed.