India's IIP data contracts -0.3% in December, auto manufacturing drops -12.1%
In fact, 16 of the 23 industry groups covered under the data have witnessed negative growth in December.
In fact, 16 of the 23 industry groups covered under the data have witnessed negative growth in December.
The auto components/spares, accessories and two-wheelers continued to weight down on India's IIP.
The manufacturing of motor vehicles, trailers and semi-trailers has shown the highest negative growth in the manufactu...
As per the Index of Industrial Production or factory output in the country, ‘manufacture of motor vehicles, trailers a...