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Industrial production drops by 1.1% in Aug, dragged down by manufacturing

The Index of Industrial Production (IIP) had expanded by 4.8 per cent in August 2018.

Press Trust of India  |  New Delhi 

India's economic growth rate 'much weaker' than expected, says IMF

Industrial output declined by 1.1 per cent in August due to poor performance by manufacturing, power generation and mining sectors, official data released on Friday showed.

The Index of (IIP) had expanded by 4.8 per cent in August 2018.

sector, which contributes over 77 per cent to the IIP, showed a decline of 1.2 per cent in output during August 2019 as against a growth of 5.2 per cent in the same month of last year.

Electricity generation declined by 0.9 per cent as against an expansion of 7.6 per cent in the year ago month while the growth in the mining sector was flat at 0.1 per cent.

The overall growth during April-August period was 2.4 per cent, down from 5.3 per cent in the corresponding period of the last fiscal.

First Published: Fri, October 11 2019. 18:03 IST