Index Of Industrial Production Contracts 8%, Manufacturing Output Weighs

India's industrial production, as measured by the Index of Industrial Production (IIP), contracted for the sixth month in a row in August on poor performance of manufacturing and mining sectors. The index of industrial production contracted by 8% in August. The manufacturing sector production dropped by 8.6%, while the output of mining and power contracted 9.8% and 1.8%, respectively. The IIP contraction in July has been revised to -10.8% from the -10.4% reported in the provisional data.

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