May 12, 2020 / 1:00 PM / 17 days ago

India's March manufacturing output contracts 20.6% y/y - govt

NEW DELHI, May 12 (Reuters) - India’s manufacturing output contracted 20.6% in March from a year earlier, government data showed on Tuesday, indicating the impact of national lockdown imposed to combat the coronavirus outbreak.

Industrial output, which includes manufacturing and mining, contracted 16.7% in March from a year earlier, compared to analysts’ forecast of 8.7% fall in a Reuters poll.

The industrial output for the fiscal year 2019/20 ending March contracted 0.7 % over the corresponding period of the previous year, the data showed.

Reporting by Manoj Kumar; Editing by Alison Williams

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