India's industrial output up 0.1 percent in January

  • India's industrial output was higher by 0.1 % during January, as mining and electricity sectors performed marginally better, government data showed Wednesday.
  • The cumulative growth of the industrial production for the April-January period year-on-year was at a standstill from a growth of one percent in the corresponding period of last fiscal, according to data released by the Central Statistics Office (CSO) in New Delhi.
  • Factory output measured in terms of the Index of Industrial Production (IIP) had dropped by 0.6 % in December, registering a contraction for the third straight month.
  • Mining sector output in January increased by 0.7 % from a deceleration of 1.8 % in the corresponding period of last year.Electricity sector output rose by 6.5 % in January from 6.4 month in the the corresponding period of 2013.
  • However, manufacturing sector declined by 0.7 % in the month under review from an increase of 2.7 % in January 2013.
Next Post »