India's factory output declined again in December by ( - )1. 3 percent but was somewhat better than the ( - )3. 42 percent dip registered in the month before, official data showed on Friday. There was a growth of 3. 6 percent in December 2014.
As per data on index of industrial production (IIP) released by the Central Statistics Office, the cumulative growth of the country's factory output logged a 3. 1 percent rise in the first nine months of the current fiscal year.
Cumulative growth during the corresponding period of last fiscal stood at 2. 6 percent.
December IIP was dragged lower by a ( - )2. 4 percent drop in manufacturing activity. Between the other broader indices, electricity production rose by 3. 2 percent, while that for mining was up by 2. 9 percent.