India’s Industrial growth falls to 17-month low of 0.5 in November

Industrial production grows at 0.5 per cent, slowest since June 20172Photo© business-standard.com

India’s Industrial growth falls to 17-month low of 0.5 in November

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A contraction in manufacturing output, especially capital and consumer goods, pulled down industrial growth to a 17-month low of 0.5 per cent in November.

This comes just a month after growth had scaled a 11-month high of 8.4 per cent in October.

Economists attributed the subdued numbers to post-festive dullness in activities and a high base effect. The index of industrial production (IIP) had grown 8.5 per cent in November 2017.