India's industrial output growth contracts 3.2% in November

Zee Media Bureau

New Delhi: India's industrial output growth contracted by 3.2 percent in November due to poor performance of manufacturing sector.

The cumulative growth for the period April-November 2015 over the corresponding period of the previous year stood at 3.9 percent.

As per data released by the Central Statistics Office (CSO), the manufacturing sector, a key indicator of economic activity, shrinked by 4.4 percent year-on-year in November.

The IIP growth had grew at five-year high rate of 9.8 percent in October on impressive performance of capital and consumer goods, possibly driven by Diwali season demand.