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

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%

   
An employee fits a wheel in a car factory | Representational image | Photo: Udit Kulshrestha/Bloomberg

An employee fits a wheel in a car factory | Representational image | Photo: Udit Kulshrestha | Bloomberg

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.


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