India's factory output contracts by 1.2%

India's factory output contracted by (-)1.2 per cent in February, official data showed on Wednesday.

The factory output, as per the Index of Industrial Production (IIP), had decelerated by (-)1.2 per cent during February from a rise of 3.2 per cent reported for January 2017.

The factory output had expanded by 1.9 per cent in the corresponding month of the previous year.

--IANS

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