Feb 10: IIP disappoint at 1.8%

Men work inside a steel factory at Ludhiana, Punjab

IIP grew by just 1.8% year-on-year in December 2011 due to contraction in mining and capital goods sectors and a lower manufacturing sector growth.

Factory output growth, as measured by the IIP, was at 8.1% in December 2010.

(Pictures by Reuters and Sanjay K Sharma)

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