Table of Contents
Current Affair
- Output shrank by 4.3%
- All 3 components- contractions
IIP
- Composite indicator
- Changes in the volume of production
CSO
- Time lag of six weeks
IIP’s significance
- Economic slowdown
- Sharpest contraction
- 5/6 registered decline
- Capital goods
- Consumer durables
Industry perspective
- 17/23 industries contracted
- Motor vehicles industry
- Purchasing Manager’s Index
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