One reason for decline is muted domestic demand, particularly in rural areas due to high inflation
Experts say manufacturing is declining due to a slump in overseas demand and production-linked incentive schemes will take time to yield results
Core inflation inches up; manufacturing activity declines
FinMin blames adverse base effect, increase in food and fuel prices
Flat growth may prompt the monetary policy committee not to go for an aggressive rate hike in August
Electricity was the biggest driver of industrial output, rising 23.5%. Manufacturing output grew by 20.6%, while mining output grew by 10.9%
Electricity output rose to double digits in April
Business Standard brings the top headlines on Wednesday
The BSE Midcap index was down 0.5 per cent, while the Smallcap index was up 0.2 per cent
IIP had already shrunk by a record 16.7% in March which saw seven days of lockdown
From festive passenger vehicle sales to Alibaba's Singles' Day sales hitting $38 billion, here are the top headlines for the day
Make sense of all the announcements made by Finance Minister Nirmala Sitharaman for the exports sector
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
India's industrial production is expected to stay muted in the near term, owing to weak exports, rural distress, credit constraints and uncertainty over the election outcome, a report said Monday. According to Dun and Bradstreet's (D&B) latest Economy Forecast, the Index of Industrial Production (IIP) is likely to have grown by 3-3.2 per cent during February 2019. As per the IIP data in January released by the Central Statistics Office (CSO), the growth in industrial production declined to 1.7 per cent as against 7.5 per cent a year ago, owing to subdued performance of the manufacturing sector, especially capital and consumer goods. "Given the headwinds in the global economy and domestic structural bottlenecks, the concerns to growth remain heightened," said Arun Singh, lead economist, Dun & Bradstreet India. Singh further noted that in the short term, the risks remain accentuated as the concerns on the global front are growing while, domestically, the uncertainty on the ...
A study by Indian Electrical & Electronics Manufacturers' Association shows industrial and engineering companies had one of their best times during the first half of 2018.
Primary Goods growth was unchanged at 2.6 per cent on month-on-month basis
Manufacturing -- the largest segment in IIP -- moderated to 4.6%, down from the 6.9% rise in July
The cumulative growth for the period April-June 2018 stands at 5.2 per cent over the corresponding period of the previous year.
IIP, after slowing for two months, bounced back in November, signalling that industrial revival was back on track