 "Industrial output recovers after 3 months of decline, expands 1.8% in Nov")
The official Index of Industrial Production (IIP) data for November, released by the government on Friday, showed that the country's factory output expanded by 1.8 per cent on a year-on-year basis, after three straight months of decline.
According to the National Statistical Office (NSO) data, factory output in November expanded by 1.8 per cent over the same month a year earlier. Manufacturing during the month grew 2.7 per cent over the year-ago period.
India's industrial production had fallen by 3.8 per cent in October, 4.3 per cent in September and 1.4 per cent in August 2019.
The IIP growth rate in Novemnber 2018 had been a meagre 0.5 per cent, mainly due to a high base, as the expansion in the same month of 2017 had been 8.5 per cent.
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