No return to economic recovery: November IIP contracts horrifyingly at –2.1%

New Delhi: The return to economic recovery of India Inc seems a distant dream now with tragic factory output for the month of November as released by Ministry of Statistics and Programme Implementation on Friday. IIP for the month of November 2013 indicates industrial growth contraction at –2.1%.

                               

Index of Industrial production (IIP) indicates industrial or factory growth of a country for a particular month on year-on-year basis. The general Index for the month of November 2013 stands at 162.4, which is 2.1% less (–) than November 2012’s 165.8 factory output.Read more