Industrial Production Shrinks 1.1% In August

Signs of economic slowdown became more pronounced after country's industrial production or factory output, measured by the Index of Industrial Production (IIP), registered its worst slump in more than six years in August. The IIP shrank by 1.1 per cent in August compared with an expansion of 4.3 per cent in July, according to data released by Ministry of Statistics & Programme Implementation. It was the worst performance since a 4.4 ...