Growth of India’s factory output slows in Dec

Growth of India's factory output

New Delhi, Feb 12: The growth of India’s factory production slowed in December to 7.1 percent from an increase of a 8.80 percent in November and a 2.4 percent increase in output during the corresponding period of 2016-17.

According to the data released by the Central Statistics Office (CSO) on Monday, the sequential slowdown in factory output was mainly on account of lower production in the manufacturing sector.

However, on the basis of a year-on-year,  the manufacturing sector amplified by a healthy 8.4 percent, while the mining sector’s output scaled-up by 1.2 percent and the sub-index of electricity generation increased by 4.4 percent.

“The General Index for December 2017 stands at 130.3, which is 7.1 percent up as compared to the level in December 2016,” said the CSO report on the “Quick Estimates” of Index of Industrial Production (IIP) for December.

“The cumulative growth for the period April-December 2017 over the corresponding period of the previous year stands at 3.7 percent.”

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