February IIP growth drops to 20-month low of 0.1%; CPI inflation at 2.86% in March

Industrial output growth slowed to a 20-month low of 0.1 per cent in February, mainly due to contraction in the manufacturing sector, official data showed Friday. Factory output, as measured in terms of the Index of Industrial Production (IIP), had grown by 6.9 per cent in February 2018, according to data released by the Central Statistics Office (CSO). During April-February 2018-19, industrial output grew at 4 per cent as against 4.3 per cent in the same period of the previous fiscal. Meanwhile, IIP growth for November 2018 was revised downwards to 0.2 per cent from 0.3 per cent released earlier.