Factories failed to deliver the goods in November
India's industrial growth, measured by index of industrial production (IIP) slowed to a seventeen-month low of 0.7% amid slump in manufacturing
New Delhi: India’s factory output growth crashed to its slowest in 17 months at 0.5% in November, the outcome of an unfavourable base effect as well as contraction in manufacturing. The previous low was in June 2017, when IIP growth fell to -0.2%. The index of industrial production (IIP), announced by the Central Statistics Office on Friday, is the last set of key economic data to be released before the interim budget is presented on 1 February.