Deep in the red: India's September industrial output shrinks 4.3%
Contraction in manufacturing and mining activity plunged India's September factory output deep in the red. The Index of Industrial Production (IIP) declined (-) 4.3 per cent in September from (-)1.40 per cent in August 2019.
"The Quick Estimates of IIP with base 2011-12 for the month of September 2019 stands at 123.3, which is 4.3 per cent lower as compared to the level in the month of September 2018," the Ministry of Statistics & Programme Implementation said.
"The cumulative growth for the period April-September 2019 over the corresponding period of the previous year stands at 1.3 per cent."
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