Monday, 23 May, 2022
HomeEconomyIndia's industrial production contracts by 1.9% in November 2020

India’s industrial production contracts by 1.9% in November 2020

According to the Index of Industrial Production data, manufacturing sector output shrank by 1.7%, mining output declined 7.3%, while power generation grew 3.5%

Text Size:

New Delhi: India’s industrial production contracted by 1.9 per cent in November, official data showed on Tuesday.

According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7 per cent in November 2020.

Mining output also declined 7.3 per cent, while power generation grew 3.5 per cent.

The IIP had grown by 2.1 per cent in November 2019.

Industrial production has been hit due to the COVID-19 pandemic since March last year when IIP contracted by 18.7 per cent in the month.


Also read: Only a dozen large firms to gain from bank loans recast, most stressed firms not eligible


 

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

Most Popular

×