 "manufacturing, economy, jobs, IIP, industrial production, industrial output, production, engineering, PMI, industries, services, workers,")
Jolting recovery hopes, India’s industrial production slipped back into contractionary territory in January because of the dismal performance of consumer goods, capital goods and mining sectors, the official data showed on Friday.
The Index of Industrial Production (IIP) declined by 1.6 per cent in January on a year-on-year (YoY) basis, as against 1.56 per cent growth in the previous month, according to the data released by the National Statistical Office. The December number saw a slight upward revision from the 1 per cent estimates earlier.
Industrial activity has posted growth in only three months in the current financial year so far. The
