Growth in the country's industrial output contracted by 0.1 per cent, a four-month low, in November 2012, year-on-year, due to poor performance of the manufacturing, mining and capital goods sectors. Industrial output, as measured by the Index of Industrial Production, had grown by 8.3 per cent in October 2012, and by 6 per cent in November 2011.According to official data released in New Delhi, today, the manufacturing sector, which constitutes over 75 per cent of the index, grew just 0.3 per cent in November 2012. Mining output contracted 5.5 per cent in November, and capital goods output declined 7.7 per cent during the month.Growth in industrial output stood at 1 per cent in the April to November 2012 period, down from 3.8 per cent in the same period in the previous fiscal.
News On AIR | January 11, 2013 1:25 PM
India industrial output contracts to four-month low in November '12 : Govt data