India’s industrial production declined unexpectedly at the end of the year, official data revealed on Wednesday.
Industrial production dropped 0.3 percent on a yearly basis, confounding expectations for an increase of 1.8 percent. Industrial production had advanced 1.8 percent in November.
Data showed that mining output expanded 5.4 per cent annually, while manufacturing contracted 1.2 percent and electricity edged down 0.1 percent.
During April to December period, industrial production expanded 0.5 percent compared to 4.7 percent in the same period last year.