Industrial output shrinks 4.3% in Sep, in weakest showing since Apr 2012

According to the latest CSO data, IIP contraction in August has been further revised downwards to 1.4 per cent from the provisional 1.1 per cent decline estimated last month

Showing signs of sluggishness in the economy, India’s industrial production contracted 4.3 per cent in September, the weakest performance in seven years, due to output decline in manufacturing, mining and electricity sectors, according to official data released on Monday.

According to the Central Statistics Office (CSO) data, the 4.3 per cent contraction is the lowest in 2011-12 series of Index of Industrial Production (IIP), which was unveiled in May 2017. The IIP had declined by 0.7 per cent in April, 2012.

This was a second straight month of contraction, after a decline of 1.1 per cent in August