Continuing the sluggishness in the economy, the recent industrial output figure contracted to 0.6 per cent in December which is caused by poor performance of manufacturing and mining sectors and decline in production of capital as well as consumer goods.
The industrial output, as measured by the Index of Industrial Production (IIP) had grown by 2.7 per cent in December, 2011.
Industrial production growth stood at 0.7 per cent during April-December period of this fiscal, down from 3.7 per cent in the same period of 2011-12, according to official data released here on Tuesday.
The industrial output, as measured by the Index of Industrial Production (IIP) had grown by 2.7 per cent in December, 2011.
Industrial production growth stood at 0.7 per cent during April-December period of this fiscal, down from 3.7 per cent in the same period of 2011-12, according to official data released here on Tuesday.
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