Business EconomyPosted at: Mar 11 2016 7:45PM


Industrial output shrinks by 1.5 pc in January

New Delhi, Mar 11 (UNI) Pulled down by slowdown in the manufacturing sector, India’s industrial output contracted by 1.5 per cent in January, compared to the same period last year, official data showed.

The industrial production had declined by 3.2 per cent in December.
The dismal figures are likely to put pressure on the Reserve Bank to act. Anyway, the ball is already in the central bank’s court after Finance Minister Arun Jaitley retained fiscal deficit target for the coming year.
While manufacturing sector reported negative growth of 2.8 per cent, mining sector grew at a paltry rate of 1.2 per cent.
But electricity sector posted a decent growth of 6.6 per cent.
The manufacturing sector was hit hard by slowdown, with ten out 22 industry showing negative growth during the month.
The cumulative growth in industry during April-January averaged at 2.7 per cent.
UNI NM AE SB 1945
Please log in to get detailed story.
Tags: #Industrial output shrinks by 1.5 pc in January
More News

RVAI Global launched to drive AI adoption

19 May 2025 | 10:43 AM

Mumbai, May 19 (UNI) RVAI Global, a next-generation AI services company, was officially launched on Monday with a mission to enable global enterprises to become AI-led organisations by offering innovative and scalable solutions.

see more..
Rupee falls 8 paise against USD

Rupee falls 8 paise against USD

19 May 2025 | 10:02 AM

Mumbai, May 19 (UNI) The Rupee on Monday slipped 8 paise at 85.59 in the opening session on rising demand for US Dollar by bankers and importers at the Forex Market informed.

see more..

Rupee opens at 85 59, down 8 paise against USD

19 May 2025 | 9:56 AM

UNI NV ARN.

see more..

Sensex opens at 82,354 92, rises 24 pts while Nifty at 25,005 35, falls 14 pts

19 May 2025 | 9:27 AM

UNI NV ARN.

see more..

The Hinduja family retains top spot on UK’s rich list 2025 for fourth successive year

19 May 2025 | 12:32 AM

Hyderabad, May 18 (UNI) The Hinduja family led by Gopichand Hinduja, Chairman of the Hinduja Group, a 110-year-old multinational conglomerate, has topped the Sunday Times Rich List at £35.3 Billion for the fourth successive year.

see more..