IIP grows at a 16-month high of 8.2 per cent in October
12 Dec 2012
Industrial production in the country bounced back with an 8.2 per cent growth in October 2012, hitting a 16-month high, on the back of improved performance of the manufacturing and power sectors
The 8.2 per cent growth recorded in October is the highest since the 9.5 per cent growth recorded in June 2011.
Production of capital goods as well as consumer goods increased in October 2012, indicating sudden recovery in the economy.
The general index of industrial production (IIP) in October 2012 stood at 171.3, showing an 8.2 per cent growth compared to the level in October 2011.
Cumulative growth of industrial production in April-October 2012-13 grew 1.2 per cent year-on-year.
Production in the manufacturing, electricity and mining sectors grew at 9.6 per cent, 5.5 per cent and (-) 0.1 per cent, respectively, in October 2012, with corresponding indices of 122.5, 181.9 and 160.5.
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