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Factory output up 1.3% in Jan

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New Delhi, March 11

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Factory production expanded by 1.3% on an annual basis in January on account of better performance by mining and manufacturing sectors, though capital goods segment remained in contraction mode, as per government data released on Friday.

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The Index of Industrial Production (IIP) had contracted by 0.6% in January 2021. The growth was 0.7% in December 2021.

The growth in the mining sector was 2.8% against a contraction of 2.4% in January 2021. The manufacturing sector expanded by 1.1% in January as compared to a contraction of 0.9% in January last year. —

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