India’s industrial production continued to remain fragile, growing by a mere 1.8 per cent in December due to contractions in mining and capital goods output.
After negative growth in October, industrial production had grown by 5.9 per cent in November, which had raised hopes that things would improve. Finance minister Pranab Mukherjee also expressed disappointment over the poor growth. “IIP is disappointing... I hope from the next couple of months it will start improving,” he said.