Industrial output breaks 3-month downward streak, expands by 1.8% in Nov

The rise in IIP helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of FY20

A rebound in manufacturing activity pulled up November’s overall industrial output, helping it to grow 1.8 per cent after declining for three consecutive months. Output had declined by 3.8 per cent in October after a 4.3 per cent contraction in September, the steepest fall in eight years.

The rise in the Index of Industrial Production (IIP) helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of financial year 2019-20 (FY20), the data released on Friday showed. 

However, this was still lower than the 5 per cent rise in output registered in the previous fiscal year.