India's factory output contracts in October-The Total Investment & Insurance Solutions

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9 December 2016

India's factory output contracted by (-)1.92 per cent in October from a marginal rise of 0.67 per cent in September and a 9.9 per cent jump in the corresponding month of last year, official data showed on Friday. The Total Investment & Insurance Solutions

As per the data on Index of Industrial Production (IIP) released by the Central Statistics Office (CSO), the decline was mainly on account of a (-)2.4 per cent drop in manufacturing output, which has the maximum weight in the overall index. The Total Investment & Insurance Solutions

Among the other two major sub-indices, mining slipped by (-)1.1 per cent, whereas electricity generation inched up by 1.1 per cent. The Total Investment & Insurance Solutions

The cumulative growth of the country's factory output fell by (-)0.3 per cent in the first seven months of the current fiscal.The Total Investment & Insurance Solutions