India's industrial output, measured in Index of Industrial Production (IIP), expanded 4.5 per cent during February, compared to 0.2 per cent recorded in the same period last year. This was the second consecutive month of improvement in factory output, led by growth in mining, manufacturing and electricity sector, which rose to 10 per cent, 3.2 per cent and 8.1 per cent, respectively. The industries output is likely to fell sharply in March as businesses faces a big economic challenge in the wake of Centre's 21-day lockdown announced in the view of coronavirus outbreak.
