- The industrial production plunged to a 20-month low of 1.6 per cent in December against 18 per cent growth during the same period last year, notwithstanding the 8.6 per cent GDP growth being projected by the government.
- The Index of Industrialtele Production (IIP) had grown by 18 per cent during the same period last year, making it a daunting challenge to maintain the expansion momentum this fiscal due to the high base.
- Industrial growth during April-December this fiscal stood at 8.6 per cent, unchanged in comparison to the corresponding period of the previous year
- The disappointing numbers came just days after the government's prediction of encouraging 8.6 per cent economic growth this fiscal, against 8 per cent in 2009-10. The government also revised upwards the November IIP numbers to 3.6 per cent from the earlier estimate of 2.7 per cent.
- The manufacturing segment, which has a weight of about 80 per cent on the IIP, managed to grow barely by one per cent in December against 19.6 per cent growth a year ago. The capital goods sector, reflecting investment, contracted to (-) 13.7 per cent in the said month against an impressive 42.9 per cent expansion a year ago.
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