IIP growth silps

The Index of Industrial Production (IIP) growth has slipped to 0.6% in February 2013, due to contraction in power generation and mining output and poor performance of manufacturing sector, compared to growth of 4.3% in February 2012.

According to official data released, during April-February period of 2012-13, the industrial production growth is at 0.9%, down from 3.5% during the same period of 2011-12.  The growth in the output of the key sector remained low at 1% in April-February 2012-13, as against 3.7% growth in the same period of 2011-12.

Read lot more in Rubber4U – 15th April 2013 issue