According to the official data released in
New Delhi, Industrial production (IIP) growth bounced back to a 16 month high
of 8.2% in October on good performance of the manufacturing, power sector and
higher output of capital as well as consumer goods, indicating sudden recovery
in the economy. Industrial output growth during April-October 2012 was 1.2%,
less than 3.6% in the same period of 2011.
The manufacturing sector, which constitutes
over 75% of the index, grew by 9.6% in October, as against a contraction of 6%
in October 2011.
Read
lot more in Rubber4U – 15th December 2012 issue
No comments:
Post a Comment