Mfg growth moderates to 1.3% in Jan; industrial activity grows by 1.7%
New Delhi, Mar 13 (KNN) The manufacturing growth moderated to 1.3% in January from 2.65% in December while the industrial activity slowed in January 2019 growing by just 1.7%, according to the official data.
The growth in industrial activity slowed in January 2019 mainly due to a deceleration in the manufacturing, electricity, and capital goods sectors, official data released on Tuesday showed.
The Index of Industrial Production (IIP) saw growth slip below the 2% for the second time in three months in January, with the previous occurrence being the 0.32% growth seen in November 2018. Growth in the IIP was at 2.6 in December.
The manufacturing sector saw growth slowing to 1.3% in January from 2.65% in December. The electricity sector saw growth slowing to 0.8% from 4.45% over the same period. The capital goods sector contracted 3.2% in January, down from a growth of 5.9% in the previous month.
Meanwhile, the retail inflation in February rose to 2.57% unlike the four-month declining trend. (KNN Bureau)