In spite of the government-announced stimulus packages and revision of index for industrial production (IIP) provisional January drop by a slender growth of 0.39 percent, India's industrial output recorded a 1.2 percent year-on-year drop in February. The same-month, year-before figures for the industrial output marked a 9.5 percent growth.

The industrial production, which had thinned for the first time in one-and-a-half decades in October as well as December, recorded a provisionally-anticipated negative industrial growth of 0.5 percent. The industrial growth, measured by the IIP was razed by negative growths of 1.4 percent and 1.6 percent respectively in manufacturing and mining.

Going by the Thursday-released data on IIP, manufacturing output - which comprises a huge mass, i. e. 80 percent, of the credence in the index taken as a whole, fell 1.4 per cent in February, against the earlier year's 9.6 percent growth in the same month.

The collective official statistics, for the first eleven months of 2008-09, reveal that the general index of industrial growth swelled 2.8 per cent, in comparison to the previous year growth figures of 8.8 per cent in the same period. In the year 2007-08, industrial output rose 8.1 percent, while a year before that it had shown an 11.6 percent rise!