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Note-ban takes toll on IIP; Dec output shrinks 0.4%

News and Press Release - Dated:- 11-2-2017 - New Delhi, Feb 10 (PTI) Demonetisation took a toll on industrial activity as output contracted to four-month low of 0.4 per cent last December with consumer durables taking the worst hit, plummeting by ove .....

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on November 8, 2016. The industrial output was 5.7 per cent in November and did not capture the impact of demonetisation. Finance Minister Arun Jaitley said the contraction in industrial production in December was due to fallout of demonetisation but .....

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reason that in many areas old currency was allowed to operate. In December it had gone away, he said. Factory output measured in terms of Index of Industrial Production (IIP) in December declined on account of 2 per cent contraction in manufacturing .....

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h remained almost flat at 0.3 per cent compared to 3.2 per cent growth in the nine month period of 2015-16. Output of consumer durables segment - TVs, refrigerators and washing machines - declined by 10.3 per cent during the month under review from r .....

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