IIP at 10.8% much better than expectations
IIP at 10.8% much better than expectations. Manufacturing output rose by 11.3% in the month under review versus 10.8% in the same month a year earlier. Electricity output expanded by 8.8% versus 4% in October 2009. Mining output growth stood at 6.5% versus 9.1% in the year-ago period.
The industrial output growth in the April-October 2010-11 period stood at 10.3% compared to 6.9% in the corresponding period of the last fiscal year.
There was significant growth in the production of Capital Goods at 22% and Consumer Durables at 31%.
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