Industrial production in India contracted 1.3% in December 2015 led by electricity and mining sectors. Industrial production grew 3.2% in the previous month. Cumulative growth for the period April-December 2015 over the corresponding period of the previous year stands at 3.1%.
Manufacturing sector recorded a drop of 2.4% in December 2015. On the other hand, mining and electricity sectors witnessed a growth of 2.9% and 3.2% in December 2015.
Ten out of the twenty two industry groups in the manufacturing sector have shown negative growth during the month of December 2015 as compared to the corresponding month of the previous year.
Capital goods witnessed a steep drop of 19.7%, while basic goods and Intermediate goods recorded a rose of 0.9%.
Similarly, consumer durables recorded growth of 16.5% while consumer non-durables witnessed a decline of 3.2% and overall growth in consumer goods was 2.8%.