India’s Industrial output grew 1.8pc in November 2019, after three straight months of decline, according to IIP data. The Index of Industrial Production (IIP) had dropped by 3.8pc in October. 

 

Mining production grew by 1.7pc against a fall of 8pc the prior month. Manufacturing output contributes three-fourths of the entire index, grew at 2.7pc in November compared to a contraction of 2.1pc in October. Infrastructure and construction goods output contracted 3.5 percent compared with a contraction of 9.2 percent last month.
 

According to the advanced estimates released by the Central Statistics Office (CSO), economic growth rate for 2019-20 is projected at 5pc, slower than the 2018-19 expansion rate of 6.8pc.

 

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