Categories: Business

January industrial production rate plunges to 1.7%

New Delhi, March 12 (IANS) The growth rate of India's factory production slowed massively in January 2019 to 1.7 per cent, from 7.5 per cent reported for the corresponding month of 2018, official data showed on Tuesday.

Even, on a month-on-month basis, the Index of Industrial Production (IIP) declined during the month under review from December 2018 when it stood at 2.60 per cent.

"The cumulative growth for the period April-January 2018-19 over the corresponding period of the previous year stands at 4.4 percent," the Central Statistics Office (CSO) said in a statement on Tuesday.

Facebook Comments

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz

Share

This website uses cookies.

%%footer%%