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12
February 2018
 |
| India's factory production (The Total Investment & Insurance
Solutions) |
The
growth of India's factory production slowed in December to 7.1 per cent from a
rise of a 8.80 per cent in November and a 2.4 per cent increase in output
during the corresponding period of 2016-17. The
Total Investment & Insurance Solutions
As
per the data released by the Central Statistics Office (CSO) on Monday, the
sequential slowdown in factory output was mainly on account of lower production
in the manufacturing sector.
However,
on a year-on-year basis, the manufacturing sector expanded by a healthy 8.4 per
cent, while the mining sector's output inched-up by 1.2 per cent and the sub-index
of electricity generation increased by 4.4 per cent.
"The
General Index for December 2017 stands at 130.3, which is 7.1 per cent higher
as compared to the level in December 2016," said the CSO report on the
"Quick Estimates" of Index of Industrial Production (IIP) for
December.
"The
cumulative growth for the period April-December 2017 over the corresponding
period of the previous year stands at 3.7 per cent."The Total Investment & Insurance Solutions
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