Industrial output to dip further: Assocham
NEW DELHI: The country’s industrial production growth is likely to fall by over a third to touch 3.4% during April-July as against 5.3% in January due to worsening power situation, according to industry body Assocham. India’s industrial production growth had dipped by 25% in the last two months. The captive power stations within the industrial premises are running at half the capacities as diesel and petrol are turning expensive, the chamber said. “Even during the winters last year, the growth in industrial production remained low as a result of power deficit of 18-20%,” Assocham president Venugopal Dhoot said.