India's industrial output contracts 1.5% in Jan
India's industrial output contracted for the third straight month in January, as production fell by 1.5% year-on-year, as against (-)1.3% witnessed in December, majorly triggered by the poor manufacturing sector. Index of industrial production (IIP) for electricity production surged by 6.6% and that of mining increased 1.2%. The index of industrial production stood at 2.7% between April-January.