After Oct surge, IIP again contracts by 2% in Nov despite festive season

Economists call for continuation of stimulus package in Budget

Official data released on Tuesday showed that the recovery in industrial output seen in October turned out to be an aberration as it contracted again in November by 1.9 per cent, belying hopes of a festive boost. This has prompted economists to call for the continuation of the stimulus package in the upcoming Budget.
 
Industrial output growth, as measured by the index of industrial production (IIP), was revised upwards to 4.19 per cent in October, compared with 3.6 per cent estimated initially. IIP was almost flat in September after having declined continuously since March. IIP grew 2.1 per cent