The index of industrial production (IIP) in November grew by a meagre 0.5% yoy in November 2018 vs. October's IIP growth of 8.1% yoy, mainly dragged by the decline in capital goods and manufacturing output.
The Nov IIP numbers indicate a 19-month low in India's factory output.
Key Highlights - IIP:
Manufacturing fell 0.4% yoy
Electricity rose 5.1% yoy
Mining grew 2.7% yoy
Capital goods production fell 0.4% yoy