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12
February 2019
 |
Growth
(The Total Investment & Insurance Solutions)
India’s industrial
production grew by 2.4 % in December, a month after recording a 17 -month low
growth due to poor show from the manufacturing sector.
Data released by the Central Statistics Office showed while mining and electricity output reduced to -1% and 4.4%respectively in December, manufacturing expanded by 2.7% during the month.
Lead indicators for IIP remain sluggish, yet a relatively favourable base and a seasonally strong month contributed to the uptick.
In November 2018, manufacturing, which constitutes 77.63 per cent of IIP, shrank 0.4 per cent versus 10.4 per cent growth a year ago. Data from the Central Statistics Office showed that the growth in industrial production in October 2018 was revised upwards to 8.4 per cent, from 8.1 per cent. The main reason for th RBI in its latest policy meet has revised inflation target downward going forwarrd, with 2.8% in Q4:2018-19, 3.2-3.4% in H1:2019-20 and 3.9% in Q3:2019-20, with risks broadly balanced around the central trajectory.
Data released by the Central Statistics Office showed while mining and electricity output reduced to -1% and 4.4%respectively in December, manufacturing expanded by 2.7% during the month.
Lead indicators for IIP remain sluggish, yet a relatively favourable base and a seasonally strong month contributed to the uptick.
In November 2018, manufacturing, which constitutes 77.63 per cent of IIP, shrank 0.4 per cent versus 10.4 per cent growth a year ago. Data from the Central Statistics Office showed that the growth in industrial production in October 2018 was revised upwards to 8.4 per cent, from 8.1 per cent. The main reason for th RBI in its latest policy meet has revised inflation target downward going forwarrd, with 2.8% in Q4:2018-19, 3.2-3.4% in H1:2019-20 and 3.9% in Q3:2019-20, with risks broadly balanced around the central trajectory.
slump
in factory output growth in November 2018 was the poor show from the
manufacturing sector, which contracted 0.4 per cent in November 2018, against
the robust 10.4 per cent growth seen in November 2017.The Total Investment & Insurance Solutions
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