India's industrial output growth dips sharply to 0.5% in November, 2018
Business & Economy

India's industrial output growth dips sharply to 0.5% in November, 2018

NetIndian News Network

New Delhi, January 11, 2019

India's industrial output growth dipped to a 17-month low of 0.5 percent in November, 2018, as compared to the same month of the previous year, official data released here today said.
Industrial production had grown by 8.1% in the previous month -- a one-year high.
The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of November 2018 released here today by the Ministry of Statistics and Programe Implementation said the General Index for November 2018 stood at 126.4.
The cumulative growth for the period April-November 2018 over the corresponding period of the previous year stands at 5.0%, an official stateent, quoting the data, said.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for November 2018 stood at 110.6, 127.2 and 147.2, respectively, with the corresponding growth rates of 2.7%, (-) 0.4% and 5.1% as compared to November 2017.
The cumulative growth in these three sectors during April-November 2018 over the corresponding period of 2017 was 3.7%, 5.0% and 6.6%, respectively.
The statement said 10 of the 23 industry groups in the manufacturing sector showed positive growth in November 2018 as compared to the corresponding month of the previous year.
The industry group ‘Manufacture of wearing apparel’ has shown the highest growth of 22.1%, followed by 7.6% in ‘Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials’ and 7.4% in ‘Manufacture of other transport equipment’.
On the other hand, the industry group ‘Manufacture of fabricated metal products, except machinery and equipment’ showed the highest negative growth of (-) 13.4% followed by (-) 9.6% in ‘Manufacture of electrical equipment’ and (-) 7.3% in ‘Other manufacturing’.
The growth rates in November 2018 over November 2017 were 3.2% in Primary goods, (-) 3.4% in Capital goods, (-) 4.5% in Intermediate goods and 5.0% in Infrastructure/ Construction Goods. Consumer durables and Consumer non-durables recorded growth of (-) 0.9% and (-) 0.6%,  respectively.
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