New Delhi, Feb 10 (IANS) A month after the government went in for demonetisation, India's factory output contracted by (-)0.4 per cent in December, official data showed on Friday.
The factory output, as per the Index of Industrial Production (IIP), had risen by 5.7 per cent in November, 2016. Earlier, it encountered a (-)0.9 per cent slide in the corresponding month of the previous year.
As per the IIP data released by the Central Statistics Office (CSO), the contraction was mainly on account of a 2.00 per cent decline in manufacturing output, which has the maximum weight in the overall index.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
This website uses cookies.