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CareEdge Research Report
India’s industrial production contracted by 4.0% in October from a growth of 3.5% in September due to a high base effect and a disappointing performance in the manufacturing sector.
Moreover, performance in core sectors, which carry nearly 40% weightage in the IIP also remained subdued with a growth of 0.1% (YoY).
However, a comparison with October 2019 showed IIP growth of 4.5%, signalling an improvement in industrial activity compared with the pre-pandemic level, albeit at a softer pace.
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