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India’s factory output contracts by 1.2%

India factory

New Delhi, April 12: India’s factory output contracted by (-)1.2 per cent in February, official data showed on Wednesday.

The factory output, as per the Index of Industrial Production (IIP), had decelerated by (-) 1.2 per cent during February from a rise of 3.2 per cent reported for January 2017.

The factory output had expanded by 1.9 per cent in the corresponding month of the previous year.

Indices of Industrial Production for Mining , Manufacturing & Electricity sectors for February 2017 stood at 140.6,190.1 & 182.5 respectively.

The cumulative growth for the period April-February 2016-17 over the corresponding period of the previous year was recorded at 0.4 percent.

General Index for February 2017 stands at 182.3, which is 1.2 percent lower as compared to the level in the month of February 2016.

Wefornews Bureau

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