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Govt corrects IIP growth rate twice in a day, April IIP at 2.3%

Correcting the industrial output figures twice within span of a few hours, the government on Thursday said IIP grew at 2.3 percent in April instead of 2 percent reported yesterday.

IIP slips to disappointing 2% in April; raises rate cut hope

The decline in factory output has mainly been on account of dismal performance of key sectors like manufacturing, mining, power and capital goods sectors.