IIP slips to 1.8% in Dec

2012-02-11 13:32:55

10 February 2012 statesman news service  NEW DELHI, 10 FEB: The country’s industrial production grew at a dismal and disappointing 1.8 per cent year-on-year in December 2011 largely due to poor performance by mining and capital goods sectors, prompting the Union finance minister, Mr Pranab Mukherjee, to express ‘disappointment’ at the development. Factory output growth, as measured by the Index of Industrial Production (IIP), was at 8.1 per cent in December 2010. Describing the devel... Full Article at The Statesman-India news »