ఫ్యాక్టరీలలో ఉత్పత్తి పడిపోతోంది, ఆర్థిక మాంద్యం నిజమని మోడీ లెక్కలే చెప్తున్నాయి||
Showing signs of sluggishness in the economy, India’s industrial production contracted 4.3 per cent in September, the weakest performance in seven years, due to output decline in manufacturing, mining and electricity sectors, according to official data released on Monday.
According to the Central Statistics Office (CSO) data, the 4.3 per cent contraction is the lowest in 2011-12 series of Index of Industrial Production (IIP), which was unveiled in May 2017. The IIP had declined by 0.7 per cent in April, 2012.
This was a second straight month of contraction, after a decline of 1.1 per cent in August 2019. In September 2018, India's factory output had expanded 4.6 per cent.
The 1.1 per cent reduction in August had been an 81-month low, mainly on account of a contraction in manufacturing output and a deepening slowdown in capital goods production pulling down growth. According to the data released on Monday, the IIP contraction in August was further revised downwards to 1.4 per cent.
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
ఫ్యాక్టరీలలో ఉత్పత్తి పడిపోతోంది, ఆర్థిక మాంద్యం నిజమని మోడీ లెక్కలే చెప్తున్నాయి|| Showing signs of sluggishness in the economy, India’s industrial production contracted 4.3 per cent in September, the weakest performance in seven years, due to output decline in manufacturing, mining and electricity sectors, according to official data released on Monday. According to the Central Statistics Office (CSO) data, the 4.3 per cent contraction is the lowest in 2011-12 series of Index of Industrial Production (IIP), which was unveiled in May 2017. The IIP had declined by 0.7 per cent in April, 2012. This was a second straight month of contraction, after a decline of 1.1 per cent in August 2019. In September 2018, India's factory output had expanded 4.6 per cent. The 1.1 per cent reduction in August had been an 81-month low, mainly on account of a contraction in manufacturing output and a deepening slowdown in capital goods production pulling down growth. According to the data released on Monday, the IIP contraction in August was further revised downwards to 1.4 per cent.