https://www.taxtmi.com/news?id=17468 Demonetisation led to a 0.4% contraction in December IIP driven by a 2% decline in manufacturing, with 17 of 22 manufacturing groups in negative growth. Consumer durables and non durables contracted, producing an overall fall in consumer goods, while capital goods declined. By use based classification, basic goods and power grew and mining expanded, but intermediate goods contracted. The release links the December weakening to the cash shortage after withdrawal of high denomination notes and notes that year to date IIP growth remained nearly flat. en-us Sat, 11 Feb 2017 10:10:34 +0530 Sat, 11 Feb 2017 10:10:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17468 Demonetisation led to a 0.4% contraction in December IIP driven by a 2% decline in manufacturing, with 17 of 22 manufacturing groups in negative growth. Consumer durables and non durables contracted, producing an overall fall in consumer goods, while capital goods declined. By use based classification, basic goods and power grew and mining expanded, but intermediate goods contracted. The release links the December weakening to the cash shortage after withdrawal of high denomination notes and notes that year to date IIP growth remained nearly flat. News - Sat, 11 Feb 2017 10:10:34 +0530 https://www.taxtmi.com/news?id=17468