New Delhi, Oct 12 (IANS) India’s industrial activity showed signs of a rebound as August deceleration rate in factory output eased on a sequential basis, official data showed on Monday.
However, Covid-19 pandemic continued to subdue India’s factory output on a year-on-year basis.
As per the Quick Estimates of Index of Industrial Production (IIP), the contraction in factory output eased to (-) 8 per cent in August from (-) 10.77 per cent reported for July and (-) 1.4 per cent recorded during the corresponding period of previous fiscal.
–IANS
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