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IIP shows no signs of recovery, contracts 0.6% in December

Showing no signs of recovery, industrial production growth rate remained negative for the third month in a row, contracting 0.6 percent in December 2013, mainly due to sluggishness in manufacturing sector.

Industrial output dips 0.6% in Dec; dampens recovery process

The industrial output, as measured by the Index of Industrial Production (IIP) had grown by 2.7 percent in December, 2011.