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Deep in the red: India’s Sep industrial output shrinks 4.3%

New Delhi, Nov 11 (IANS) Contraction in manufacturing and mining activity plunged India’s September factory output deep in the red.

The Index of Industrial Production (IIP) declined (-) 4.3 per cent in September from (-)1.40 per cent in August 2019.

“The Quick Estimates of IIP with base 2011-12 for the month of September 2019 stands at 123.3, which is 4.3 per cent lower as compared to the level in the month of September 2018,” the Ministry of Statistics & Programme Implementation said.

“The cumulative growth for the period April-September 2019 over the corresponding period of the previous year stands at 1.3 per cent.”

–IANS

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