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HomeBusinessDecline in August IIP is due to base effects and excessive rain

Decline in August IIP is due to base effects and excessive rain

New Delhi [India], October 12 (ANI): The decline in the India’s industrial production for August 2024 is mainly due to base effects and heavy rainfall, which impacted key sectors, highlighted a report by SBI. The report noted that the Index of Industrial Production (IIP) recorded a marginal contraction of 0.1 per cent year-on-year, a stark […]

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