Industrial output contracts 2.2 per cent in June
Industrial output contracts 2.2 per cent in June
Manufacturing sector, which constitutes about 76 per cent of industrial production, shrank 2.2 per cent from a year earlier.

New Delhi: India's industrial production contracted 2.2 per cent in June, more-than-expected from a year earlier, government data showed on Monday.

May's output growth was revised down to an annual 2.9 per cent contraction from 1.6 per cent earlier.

Manufacturing sector, which constitutes about 76 per cent of industrial production, shrank 2.2 per cent from a year earlier, the federal statistics office said.

Capital goods production, a barometer for investments in the economy, contracted an annual 6.6 per cent in June from a year earlier.

What's your reaction?

Comments

https://umorina.info/assets/images/user-avatar-s.jpg

0 comment

Write the first comment for this!