India: Industrial activity deteriorates in November
January 12, 2021
Industrial production fell 1.9% year-on-year in November (October: +4.2% yoy). The notable downturn was primarily due to contractions in manufacturing and mining production.
Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 11.1%, down from October's minus 10.7% reading.
Author: Steven Burke, Economist