IIP had already shrunk by a record 16.7% in March which saw seven days of lockdown
The production contracted by 1.4 per cent in August, 4.6 in September and 6.6 per cent in October last year
The rise in IIP helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of FY20
India's retail inflation for the month of November touched 5.54% compared to 4.62% in the month of October
The IIP for construction goods contracted 6.4% in September, fastest since 2012
What could be the reason for these successive downward revisions across the board? Some key indicators make it evident.
Retail inflation inched up to 3.21% in August compared to 3.15% in July
PM Modi is scheduled to visit Jharkhand, where he will dedicate pension schemes to the nation
According to Head of Research, Geojit Financial Services Ltd, continuous selling by FIIs remains a concern, but markets may trade positively in the short-term in anticipation of policy actions
From SpiceJet quarter result to Industrial Production data, Business Standard brings you top events of the day
Worsening contraction in capital goods and consumer durables production blamed
During April-February 2018-19, industrial output grew at 4 per cent as against 4.3 per cent in the same period of the previous fiscal
The industrial growth for November 2018 was revised downwards to 0.3 per cent from the provisional estimate of 0.5 per cent released last month
CPI based retail inflation in October was revised upwards to 3.38 per cent from 3.31 earlier
IIP growth has come in at a steady 6.6%, which is higher than our forecast of 5%
The IIP growth for June was revised downwards to 6.9 per cent from the provisional estimate of 7 per cent released last month, the data showed
Within the IIP, manufacturing grew by 8.7 per cent in February, marginally higher than 8.6 per cent in January
India Inc captains say factory output growth will get better; low-base effect after note ban helped, among others
The rate of growth in industrial activity declined from 3.8 per cent in September and 4.5 per cent the month before
New Delhi, 10 NovemberThe country's Index of Industrial Production rose 3.8 per cent in September, compared with the revised 4.5 per cent in August (a nine-month high) and 5.7 per cent in September last year. This slowing comes on the back of year-on-year fall in output in a number of sectors. These include textiles and apparel, electrical equipment, rubber and plastic products, electrical equipment and consumer durables.Data issued on Friday by the Central Statistics Office showed the, April-September (first six months of the financial year) IIP was down 11.7 per cent compared with the first six months of 2016-17.IIP constitutes a fourth of industry in Gross Domestic Product (GDP) data, the rest contributed by corporate results. The August and September data is a huge jump from the July IIP of 0.9 per cent, a 48-month low. And, indicates that GDP for July-September could be an improvement from the April-June economic growth of 5.7 per cent, the lowest in Prime Minister Narendra ...