IIP Contracts Nearly 2% In November 2020

The Index of Industrial Production (IIP) saw a contraction of 1.9% for November 2020, reverting back to the declining territory after rising in the previous two months, data released by the Ministry of Statistics & Programme Implementation (MOSPI) showed on Tuesday. For November, IIP with base 2011-12 stands at 126.3, the Ministry's data showed. IIP for mining, manufacturing and electricity sectors for the same month stand at 104.5, 128.4 and 144.8, respectively.

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