New Delhi (dpa-AFX) – India’s industrial production declined sharply and at a faster than expected pace in February, preliminary figures from the statistical office showed Monday.
The industrial production index dropped 3.6 per cent year-on-year following a 0.9- per-cent decrease in January. Economists had expected a 3-per-cent fall.
In the same month last year, production grew 5.2 per cent. Manufacturing output fell 3.7 per cent from a year ago and mining production dropped 5.5 per cent.
Electricity output edged up 0.1 per cent. During the April to February year-to-date period, industrial production decreased 11.3 per cent and manufacturing output shrank 12.6 per cent.
