Green shoots: Deceleration in July's industrial activity eases

By IANS | Published: September 11, 2020 06:24 PM2020-09-11T18:24:16+5:302020-09-11T19:55:29+5:30

New Delhi, Sep 11 A sequential rebound in industrial activity eased the contraction rate of India's factory output ...

Green shoots: Deceleration in July's industrial activity eases | Green shoots: Deceleration in July's industrial activity eases

Green shoots: Deceleration in July's industrial activity eases

New Delhi, Sep 11 A sequential rebound in industrial activity eased the contraction rate of India's factory output in July, official data showed on Friday.

However, Covid-19 pandemic continued to heavily dent India's factory output on a year-on-year basis.

As per the Quick Estimates of Index of Industrial Production (IIP), the contraction in factory output eased to (-) 10.4 per cent in July from (-) 16 per cent reported for June.

However, on a YoY basis, the comparison became more stark, as the IIP had registered a growth of 4.9 per cent in the corresponding period of last year.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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