IIP at 16.8 % for December 2009

by khalid on 14/02/2010 · 1 comment

Index of industrial production (IIP) Data for December 2009 zoomed in its fastest pace for last two years. The industrial output grew at 16.8 % in December 2009 which is a good sign for India growth story. The Data reflecting a sharp rise in production. In last year’s recession it was 0.20 percent in the same month of December 2008.

Internals (Compared to December 2008):-
Manufacturing sector growth: 18.5%
Capital goods growth: 38.8%
Consumer durable good growth: 46%

Finance Minister Pranab Mukherjee is quite hopeful that third quarter GDP figures will also be encouraging and it will get reflected in the overall GDP.

This has raised the expectations of the Government that is now talking of better economic growth numbers than 7.2 projected by the Central Statistical Organisation earlier this week.

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