India's industrial production contracted by 4.3% in September, registering the weakest performance in seven years due to output decline in manufacturing, mining and electricity sectors, as per official data.
According to the Central Statistics Office (CSO) data, 4.3% contraction is the lowest in 2011-12 series of Index of Industrial Production, which was unveiled in May 2017. The IIP had declined by 0.7% in April, 2012.
Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 4.6% in September 2018.
A slowdown was witnessed in the manufacturing sector, which declined by 3.9% in September as compared to 4.8% growth a year ago.
The power generation sector output dipped 2.6% in September, compared to 8.2% growth in the year-ago period.
Mining output too fell by 8.5% in the month under review as against 0.1% growth in the corresponding period last fiscal.