- Business

Industrial Production Contracts 1.6 Percent in January, Manufacturing Output Declines by 2%

India’s industrial production contracted by 1.6 per cent in January, official data showed on Friday. According to the Index of Industrial Production (IIP) data, the manufacturing sector output contracted by 2 per cent in January 2021.

Mining output declined 3.7 per cent, while power generation grew 5.5 per cent in January. The IIP had grown by 2.2 per cent in January 2020.

About eloquentinsights

Read All Posts By eloquentinsights