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India's November industrial output contracts 1.9%

India’s industrial output contracted 1.9% in November from a year ago, government data showed on Tuesday.

Updated on: Jan 12, 2021, 18:21:33 IST
PTI | New Delhi
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India's industrial production contracted by 1.9 per cent in November, official data showed on Tuesday.

India’s industrial output contracted 1.9% in November from a year ago, government data showed (Bloomberg File Photo)
India’s industrial output contracted 1.9% in November from a year ago, government data showed (Bloomberg File Photo)

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

 
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
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