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This is an archive article published on February 11, 2011

IIP nosedives to 1.6% in December 2010

The IIP plunged to dismal 1.6% in Dec,compared to 18% in the same month a year-ago.

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India’s industrial output in December rose a slower-than-expected 1.6 per cent from a year earlier,government data showed on Friday.

Manufacturing output,which constitutes about 80 per cent of the industrial production,rose an annual 1 per cent,the federal statistics office said in a statement. Industrial output grew 10.4 per cent in the 2009/10 financial year (April-March),faster than the 2.8 per cent clocked in the previous fiscal year.

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