New Delhi: India’s factory production shrunk in March 2019 by (-) 0.1 per cent, first in FY 19, from a growth of 5.3 per cent reported for the corresponding month of 2018, official data showed on Friday. Also Read - India's Oct Industrial Production Grows by Over 3.5%

Even on a month-on-month basis, the Index of Industrial Production (IIP) was lower than the 0.1 per cent rise recorded during February 2019. Also Read - India's Industrial Production Declines by 10.4% in July as Covid-19 Lockdown Slows Down Manufacture

“The Quick Estimates of IIP with base 2011-12 for the month of March 2019 stands at 140.2, which is 0.1 per cent lower as compared to the level in March 2018,” the Ministry of Statistics and Programme Implementation said. Also Read - India's November Industrial Output Rises by 1.8%, Turns Positive After 3 Months

“The cumulative growth for the period April-March 2018-19 over the corresponding period of the previous year stands at 3.6 per cent.”