Industrial output drops by 1.8 percent in June
August 9th, 2012 - 2:36 pm ICT by IANSNew Delhi, Aug 9 (IANS) India’s industrial output dropped by 1.8 percent in June due to a sharp contraction in manufacturing production, government data showed Thursday.
The factory output has contracted for the third time in the last four months putting pressure on the policy makers to take immediate steps to improve the situation.
During the April-June period, factory output measured in terms of the Index of Industrial Production (IIP) has contracted by 0.1 percent, according to data released by the Central Statistics Office.
Industrial output had contracted by 0.9 percent in April. However, it had registered a growth of 2.4 percent in May, raising hope for revival.
However, the June data showed that Indian economy remained under pressure and corrective measures were needed to revive industrial growth.
Manufacturing production dropped by 3.2 percent in June, while mining and electricity, the other two components of the IIP, registered positive growth.
Electricity output grew by 8.8 percent and mining production increased by 0.6 percent during the month under review.
- India's industrial output drops by 1.8 percent in June (Lead) - Aug 09, 2012
- Factory output dips by 1.8 percent in June (Roundup) - Aug 09, 2012
- Industrial output grows at 0.1 percent in April - Jun 12, 2012
- June industrial output data disappointing: Chidambaram - Aug 09, 2012
- Inflation down by 6.87 percent - Aug 14, 2012
- Industrial output rises by 2.4 percent in May (Lead) - Jul 12, 2012
- Industrial output rises in May but recovery probability low (Second Lead) - Jul 12, 2012
- IIP data dissapoints Pranab, says government committed to reforms - Jun 12, 2012
- Government-industry task force to meet next week - Aug 10, 2012
- IIP grows 0.1 percent in July, government calls meeting to revive manufacturing (Lead) - Sep 12, 2012
- India's industrial output contracts by 3.5 percent in March - May 11, 2012
- Factory output rises by 2.4 percent in May - Jul 12, 2012
- Inflation eases, but food prices surge - Jul 16, 2012
- Need to take measures, says Pranab on poor IIP data (Roundup) - Jun 12, 2012
- India's factory output rises 5.9 percent in November - Jan 12, 2012
Tags: central statistics office, contraction, corrective measures, electricity, four months, government data, iip, India, indian economy, New Delhi, revival, s industrial, third time