Diabytes
August IIP data News
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The factory output, as measured by the index of industrial production (IIP), had slipped to an 8-month low of (-)2.5 percent (revised) in July on account of declining output in manufacturing and capital goods sectors.
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On the back of poor production in mining and manufacturing sectors, India's industrial production contracted for the second consecutive month in August, shrinking by 0.7 percent.
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Industrial production grew at a nearly three-year high of 6.4 percent in August on account of improvement in manufacturing as well as mining activity and better offtake of capital goods.
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