Industrial production contract in January is 1.6%

Industrial production contract in January is 1.6%

Mining production declined by 3.7%, while electricity generation increased by 5.5% in January.

India’s industrial production declined by 1.6% in January, official data showed on Friday.

According to data from the Index of Industrial Production (IIP), manufacturing sector production declined by 2% in January 2021.

Mining production declined by 3.7%, while electricity generation increased by 5.5% in January.

In January 2020, the IIP was increased by 2.2%.

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