IIP growth goes down 4.3% in September as well.

IIP growth goes down 4.3% in September as well.

India's industrial production (IIP) also recorded a decline in September 2019. On a month-to-month basis, the growth of IIP in September 2019 declined by 4.3 per cent. The government has released the figures of Index of Industrial Production (IIP) on 11 November.

IIP growth was down by 1.1 per cent in August. The economic activity of a country is estimated from industrial output or factory output.

Manufacturing output decreased by 3.9 percent in September 2019. Manufacturing accounts for three-fourth of the total index. It had decreased by 1.2 per cent during August.

Mining growth fell 8.5 percent in September 2019. Whereas its growth was 0.1 percent in August a month ago.

Primary products declined by 5.1 per cent in September, compared to 1.1 per cent growth in August. Capital goods growth declined by 20.7 percent in September. Consumer non-durable growth fell 9.9 percent in September. Its growth was 4.1 percent a month ago.

The 8 infrastructure sector grew at an average of 3.6% in the April-June quarter. During this period, exports fell by 1.7 percent.

India's GDP growth was 5% during April to June 2019. GDP growth was 8% in the same quarter of fiscal year 2018-19.

On November 7, India's rating was reduced from Moody's to "Negative" by "Stable". Moody's had said that the rating was being lowered due to fears that economic growth would decline.

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