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Industrial production contracts 4.3% in Sept due to poor performance in manufacturing sector

Factory output, which is measured in terms of Index of Industrial Production, had expanded 4.6% in September 2018.

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New Delhi: Industrial production contracted 4.3 per cent in September, mainly due to poor performance in the manufacturing sector, according to official data released on Monday.

Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 4.6 per cent in September 2018.

A slowdown was witnessed in the manufacturing sector, which declined by 3.9 per cent in September as compared to 4.8 per cent growth a year ago.

The power generation sector output dipped 2.6 per cent in September, compared to 8.2 per cent growth in the year-ago period.

Mining output too fell by 8.5 per cent in the month under review as against 0.1 per cent growth in the corresponding period last fiscal.


Also read: Industrial output declines 1.1% in August as manufacturing, power generation under perform


 

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4 COMMENTS

  1. Industrial production contracts 4.3% in Sept due to poor performance in manufacturing sector. Well no one in PMO has seen or touched a screw driver in their life to date. What else do you expect?. No country in the world has ever become a devekloped country to date ith out manufacturing for export.. This one in India knows it all chasing service sector. Yeah Right, Made in India.

  2. Looking forward to some
    Enlightening comments on this story from true believers like Shri Surendra, Shri AKDev, Shri Anonymous. Don’t have high hopes but still…

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