India's industrial production drops to 1.1% in August
New Delhi: India's industrial output contracted by 1.1 percent in August, as per government data released on Friday.
The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of August 2019stands at 126.6, which is 1.1 percent lower as compared to the level in the month of August 2018.
"The cumulative growth for the period April-August 2019 over the corresponding period of the previous year stands at 2.4 percent," read a statement issued by the Indian government.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of August 2019 stand at 92.1, 129.0 and 165.7 respectively, with the corresponding growth rates of 0.1 percent, (-) 1.2 percent and (-) 0.9 percent as compared to August 2018 (Statement I).
The cumulative growth in these three sectors during April-August 2019 over the corresponding period of 2018 has been 2.8 percent, 2.1 percent and 5.0 percent respectively.
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