Business Standard

India's industrial output shrinks 16.6% in June due to coronavirus lockdown

Analysts polled by Reuters had expected industrial output contraction of 20.0 per cent in June

Manufacturing PMI, industrial output, PMI
Premium

Industrial activity has been hit hard in India after the government imposed lockdown restrictions in late March

Press Trust of India New Delhi
India's industrial output contracted 16.6 per cent in June from a year earlier, government data showed on Tuesday, as a monthly measure indicated some recovery in the sector that was hit by lockdowns imposed to curb the spread of coronavirus.

Analysts polled by Reuters had expected industrial output contraction of 20.0 per cent in June, compared to a revised 33.9 per cent annual contraction in May, the data showed.

Industrial activity has been hit hard in India after the government imposed lockdown restrictions in late March.

"With the lifting of restrictions in the subsequent periods, industrial activity is resuming," the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in