September IIP shows a slowing at 3.8% growth

Continued effect of demonetisation, GST impacts; expected to pick up

The country’s Index of Industrial Production rose 3.8 per cent in September, compared with the revised 4.5 per cent in August (a nine-month high) and 5.7 per cent in September last year. 

This slowing comes on the back of year-on-year fall in output in a number of sectors. These include textiles and apparel, electrical equipment, rubber and plastic products, electrical equipment and consumer durables.

Data issued on Friday by the Central Statistics Office showed the, April-September (first six months of the financial year) IIP was down 11.7 per cent compared with the first six months of 2016-17.

IIP constitutes a fourth of industry