Industrial production contracts 1.6 per cent in January

PTI Updated - December 06, 2021 at 07:33 AM.

New Holland Fiat India Pvt. Ltd. employees work on a tractor chassis on the assembly line at the company's production plant in Greater Noida, India, on Thursday, Sept. 9, 2010. India's Industrial production probably climbed 7.8 percent from a year earlier after rising 7.1 percent in June, which was the smallest gain in 13 months, according to the median estimate in a Bloomberg News survey of three economists. Photographer: Pankaj Nangia/Bloomberg

India's industrial production contracted by 1.6 per cent in January, official data showed on Friday.

According to the Index of Industrial Production (IIP) data, the manufacturing sector output contracted by 2 per cent in January 2021.

Mining output declined 3.7 per cent, while power generation grew 5.5 per cent in January.

The IIP had grown by 2.2 per cent in January 2020.

Published on March 12, 2021 12:40