According to the IIP (Index of Industrial Production) data released for october the Industrial growth for October was 10.8 percent, the main driver of robust industrial growth in October this year was the manufacturing sector which grew by a healthy 11.3 per cent over and above the 10.8 per cent increase posted in the same month last year.
The growth in electricity generation more than doubled to 8.8 per cent from 4 per cent in the same period a year ago. The mining sector, however, witnessed a growth deceleration to 6.5 per cent during the month from 9.1 per cent in October last year.
Capital goods industry which posted a robust growth of 22 per cent in October on the back of the 10.9 per cent increase achieved during the same month in 2009. Following the resurgence, industrial growth for the April-October period this fiscal stands pegged at 10.3 per cent, up from 6.9 per cent notched up during the same period of 2009-10.
After recording an increase of 15.08 per cent in July, it had slipped to 6.91 per cent in August and slumped further to 4.4 per cent in September.
No comments:
Post a Comment