IIP Highlights
The Index of Industrial Production (IIP) data for the
month of October 2012 grew at better-than-expected.
The General Index for the month of October 2012
stands at 171.3, which is 8.2% higher as compared to
the level in the month of October 2011. A large part
is attributed due to the base effect. This is the
highest since June 2011 when the indicator came in
at 9.5%. The cumulative growth for the period
April-October 2012-13 over the corresponding period
of the previous year stands at 1.2%. The govt. has
revised the Sept. IIP to -0.7% against -0.4% estimated
earlier.
The Index of Industrial Production (IIP) data for the
month of October 2012 grew at better-than-expected.
The General Index for the month of October 2012stands at 171.3, which is 8.2% higher as compared to
the level in the month of October 2011. A large part
is attributed due to the base effect. This is the
highest since June 2011 when the indicator came in
at 9.5%. The cumulative growth for the period
April-October 2012-13 over the corresponding period
of the previous year stands at 1.2%. The govt. has
revised the Sept. IIP to -0.7% against -0.4% estimated
earlier.


