India

The factory output, as per the Index of Industrial Production (IIP), had inched lower by (-)0.10 per cent during December, 2016 and contracted by (-) 1.6 per cent in the corresponding month of previous year.

As per the IIP data released by the Central Statistics Office (CSO), the expansion was mainly on account of a 2.3 per cent increase in manufacturing output, which has the maximum weight in the overall index.