Economy

India's November Industrial Output Sees 1.9% Contraction

Industrial production has been hit due to the COVID-19 pandemic since March.

New Delhi: India’s industrial production contracted by 1.9% in November, official data showed on Tuesday.

According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7% in November 2020.

Mining output also declined 7.3%, while power generation grew 3.5%.

The IIP had grown by 2.1% in November 2019.

Industrial production has been hit due to the COVID-19 pandemic since March last year when IIP contracted by 18.7% in the month.