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Falling Industrial Output
October 12 , 2019
1789 days
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- The country's industrial output slumped the most in nearly seven years and contracted for the first time in over two years.
- The slump was led by a sharp decline in the crucial manufacturing, capital goods and consumer durables sectors.
- India's industrial output contracted by 1.1 percent month-on-month (MoM) in August, according to the Index of Industrial Production (IIP) data released by the central statistical organisation (CSO) on October 11.
- Industrial output or factory output, is the closest approximation for measuring economic activity in the country's business landscape.
- The current base year for IIP is 2011-2012.
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