“IIP (Index of Industrial Production) numbers are disappointing,” said Soumya Kanti Ghosh, chief economic advisor, State Bank of India. Capital goods output declined nearly 25 per cent in April, indicating that the investment climate continues to remain subdued. Factory output shrank 0.8 per cent in April, its first decline in three months, official data showed. The contraction in the consumer non-durable segment’s output, of 9.7 per cent, pulled down the overall consumer goods sector. MiningThe mining sector improved with its output growing 1.4 per cent against the contraction of 0.6 per cent a year ago.

Source: The Hindu June 10, 2016 13:12 UTC