Industrial production down 3.2%, inflation up for fifth straight month
The Dollar Business Bureau India’s industrial production registered a 3.2% decline in November last year as compared to the corresponding period of 2014, a government data said on Tuesday. The contraction was mainly due to a sharp decline in the manufacturing sector, which constitutes over 75% of the index. The sector’s output shrank by 4.4% in November 2015 as against a growth of 4.7% in the same month last year. The capital goods output also shrank by 24.4% in November 2015 compared to a growth of 7% in the corresponding month of previous year. Though the Index of Industrial Production (IPP) had expanded by 5.2% in November 2014, the cumulative growth for the period April-November 2015 over the corresponding period ...
Production of crude oil, natural gas fall short of target for FY2014-15
Source: PIB, Government of India. Production of crude oil, natural gas and up gradation of highways have shown shortfall from the respective targets for the financial year 2014-15, showed a government data. Production of power, finished steel, coal, fertilizer, refinery, cement, goods traffic carried by railways, cargo handled at major sea ports, airports and net addition in telephone switching capacity and new cell phone connections were all higher than the achievement during the corresponding period of the previous year. The overall power generation during the period April 2014-March 2015 at over 1110 Billion units (BU) was 8.85% higher than the power generation during the corresponding period of the previous year. The production of power – thermal (878.32 BU), nuclear (36.10 BU), ...
