India's Industrial growth falls to 17-month low of 0.5% in November

Of 23 sub-sectors within manufacturing, 13 recorded a year-on-year contraction, as compared to two in September

A contraction in manufacturing output, especially capital and consumer goods, pulled down industrial growth to a 17-month low of 0.5 per cent in November. 

This comes just a month after growth had scaled a 11-month high of 8.4 per cent in October.

Economists attributed the subdued numbers to post-festive dullness in activities and a high base effect.  The index of industrial production (IIP) had grown 8.5 per cent in November 2017. 

The manufacturing segment, which constitutes the bulk of the index of industrial production (IIP) at 77.6 per cent, contracted by 0.4 per cent in November against 8.24 per cent