Industrial output growth dipped to 0.4% in December

Electricity output grew 2.8% in December, while mining activity grew 2.6%.

India’s industrial recovery slowed sharply in December, with output growing just 0.4% year-on-year, and manufacturing activity shrinking 0.1% in the month, as per quick official estimates for the Index of Industrial Production (IIP)

Electricity output grew 2.8% in December, while mining activity grew 2.6%. Spliced by use-based classification, the IIP shows that capital goods output shrank 4.6% in the month while consumer durables and consumer non-durables saw production dip 2.7% and 0.6%, respectively.