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    HomeNewsOpinionIIP numbers show long-term decline in capital goods production

    IIP numbers show long-term decline in capital goods production

    The sub-index of capital goods production in February 2024 was not only lower than in February 2019, but 10.6 percent lower than its level in February 2018

    Manas Chakravarty
    April 15, 2024 / 10:58 IST
    Capital goods production will pick up as the limits of capacity utilisation are reached, but the government data indicate that hasn’t happened yet
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