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Industrial output contracts 0.5 pct

| | May 13, 2014, at 03:24 am
New Delhi, May 12 (IBNS): At a time when India concluded exercising their franchise in the nine-phase long Lok Sabha polls, the country's industrial output contracted by 0.5 percent in March, a government data said on Monday.

"The General Index for the month of March 2014 stands at 193.2, which is 0.5% lower as compared to the level in the month of March 2013. The cumulative growth for the period April-March 2013-14 over the corresponding period of the previous year stands at (-) 0.1%,"  said the statement released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation.

"The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2014 stand at 145.8, 204.8 and 173.0 respectively, with the corresponding growth rates of (-) 0.4%, (-) 1.2% and 5.4% as compared to March 2013 (Statement I). The cumulative growth in the three sectors during April-March 2013-14 over the corresponding period of 2012-13 has been (-) 0.8%, (-) 0.8% and 6.1% respectively," it said.
 

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