Growth of India’s factory output slows in December




Manufacturing at a Maruti-Suzuki facility. Image credit: Daily Mail

–TMC Desk

New Delhi, Feb 12: 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.

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.”

–IANS