India’s industrial output shrinks 16.6% in June due to coronavirus lockdown

India’s industrial output contracted 16.6 per cent in June from a yr previously, governing administration knowledge showed on Tuesday, as a month to month measure indicated some recovery in the sector that was hit by lockdowns imposed to suppress the unfold of coronavirus.

Analysts polled by Reuters had anticipated industrial output contraction of twenty. per cent in June, in comparison to a revised 33.9 per cent yearly contraction in May possibly, the knowledge showed.