Industrial production declines by 3.8% in October

Industrial production shrank by 3.8% in October, mainly due to poor performance by power, mining and manufacturing sectors, according to official data released on Thursday (December 12).

Photo: PTI

Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 8.4% in October 2018. A slowdown was witnessed in the manufacturing sector, which declined by 2.1% in October as compared to 8.2% growth a year ago.

Power generation dipped sharply by 12.2% in October, compared to 10.8% growth in the year-ago period. Mining output too fell 8% in the month under review as against 7.3% growth in the corresponding period last fiscal.

(With inputs from agencies)

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