India's industrial output fell to an 18-month low in November with production growing at a slow 2.7 percent, according to official data released Wednesday.
Slowing industrial production will put the government and the Reserve Bank of India in a fix when it comes to tackling inflation as hiking key interest rates was one of the foremost measures employed by the central bank last year.
The index of industrial production (IIP) fell to 2.7 percent in November, the slowest growth since May 2009.
The IIP for October was also revised upwards from the 10.8 percent to 11.3 percent.
The sharpest fall came in consumer non-durables, which showed a negative output of 6 percent compared to a growth of 36 percent in the like month in 2010.
Manufacturing, the biggest constituent in the IIP, grew at 2.3 percent against 12.3 percent in November of last year.
--
Rohit Saxena
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
1 comment:
if you see inflation is going up in India, one way to bring it down is increase the production as per the demand..but whey industrial out put is coming down gov and individual as to take steps towards lower inflation also...
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