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September IIP at 4.8% YoY
This article was posted on Nov 12, 2008 and is filed under Press Releases
It was at 1.3% in August and 6.9% in the same month a year earlier As expected, industrial output recovered somewhat in September from the bleak scenario of August as manufacturers stepped up production ahead of Diwali, bringing some relief to policymakers, companies and financial markets.
The industrial production grew by 4.8% in September as against 6.9% recorded in the same month last year, the Central Statistical Organization (CSO) said in New Delhi today. It was expected to come in at 4-5%.
The Government revised August’s industrial production to 1.4% from a provisional estimate of 1.3%.
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