Index of Industrial Production (IIP) again in double digits at 10.8%

by khalid on 13/12/2010 · 1 comment

Factory output index IIP (Index of Industrial Production) at 10.8 per cent in October 2010 registered the highest growth rate in last some months and beat the market expectations. A poll done by CNBC-TV18 was expecting IIP for October 2010 at 8.83 per cent. It was just 4.4 per cent in September 2010.

Central Statistical Organisation (CSO) compile these results and shows that manufacturing output rose at an annual 11.3 per cent in October 2010. Production in the three major sectors that constitute the index, viz, mining, manufacturing and electricity, rose 6.5 per cent, 11.3 per cent and 8.8 per cent, respectively, during October this year.

IIP grew at an average 10.3 per cent during April-October 2010-11, while it grew 6.9 per cent during April-October last fiscal.

IIP, which grew at a record 15.08 per cent in July 2010, slipped to 6.91 per cent in August 2010 and 4.4 per cent in September 2010.

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