The contraction in IIP in September has dampened prospects of a quick recovery in economic growth after it slipped to a six-year low.
Manufacturing sector contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019.
The industrial output growth was recorded at 1.2 per cent in June and 4.6 per cent in May this year.
Factory output, as measured by the Index of Industrial Production (IIP), had expanded by 7 per cent in June 2018.
Analysts said that now that the much-awaited Budget is over, focus will shift to first quarter earnings starting mid-July.
- « First
- « Previous
- Next »
- Last »
1 of 1