INSUBCONTINENT EXCLUSIVE:
Industrial production growth stood at 0.5 per cent in November, government said on Friday, largely due to a contraction in manufacturing
That marked slowest rate of growth in industrial production recorded since June 2017
large margin.A poll of economists had forecast a growth of 4.1 per cent in industrial production for November, news agency Reuters
ICICI Bank.Growth in mining and electricity stood at 2.7 per cent and 5.1 per cent in November respectively
Mining has a weightage of 14.4 per cent on Index of Industrial Production.Industrial production grew 5 per cent in first eight months of
current financial year (April-November) government noted in its statement
Overall growth had stood at 3.2 per cent in corresponding period of previous fiscal year.GDP or gross domestic product growth fell to a
cent for financial year citing weakening consumption and slowdown in credit offtake.(With agency inputs)
