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Industrial manufacturing declines by 16.6 per cent in June: Govt knowledge – enterprise information


India’s industrial output contracted 16.6% in June from a yr earlier, authorities knowledge confirmed on Tuesday, as a month-to-month measure indicated some restoration within the sector that was hit by lockdowns imposed to curb the unfold of coronavirus.

Analysts polled by Reuters had anticipated industrial output contraction of 20.0% in June, in comparison with a revised 33.9% annual contraction in Could, the info confirmed.

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