Ferro-alloys.com:Data released by the Central Bureau of Statistics of India on the 12th showed that India's industrial output index in November 2020 was 126.3, which was a shrinkage of 1.9% compared with 128.8 in the same period last year. In the previous two months, India's industrial output index achieved positive growth.
The Central Bureau of Statistics of India also updated the industrial output index for October last year, from the previous year-on-year increase of 3.6% to 4.2%.
Since the previous April-August period, India’s industrial output was shrinking year-on-year. Therefore, although the industrial output in September and October achieved positive year-on-year growth, in the April-November period since this fiscal year, Indian industrial output was Compared with the same period last year, it still shrank by 15.5%.
The Ministry of Commerce and Industry previously announced that the output index of India's eight core basic industries in November 2020 contracted by 2.6% year-on-year. The output of these eight core basic industries accounted for about 40.27% of the total industrial output in India. This is also the 9th consecutive month that this data has been shrinking.