X

DON'T SHARE NUISANCE.
SHARE NEWS.

Be a responsible citizen. Come, pledge to always check and share verified and vetted news.
»
1-min read

Industrial output shrinks, plunges to -5.1 pc

News18test sharma, |

Updated: December 12, 2011, 11:27 AM IST
facebook Twitter google skype whatsapp
Industrial output shrinks, plunges to -5.1 pc
For the first time in recent months India's industrial economy has actually shrunk.

New Delhi: India's industrial output contracted 5.1 per cent in October from a year earlier, government data showed on Monday, much sharper than a median forecast in a Reuters poll for 0.5 per cent fall.

Manufacturing output, which constitutes about 76 per cent of the industrial production, fell an annual 6 per cent, the federal statistics office said in a statement.

During April-October, industrial production expanded 3.5 per cent. The output had grown 7.8 per cent in the 2010/11 fiscal year that ended in March, slower than 10.5 per cent clocked in the previous year.

First Published: December 12, 2011, 11:27 AM IST
Read full article
Next Story
facebook Twitter google skype whatsapp