IIP up 11.8% in October

IIP up 11.8% in October

New Delhi: Robust performance of the manufacturing sector pushed up the industrial growth to 11.8% in October as against 4.5% in the same month last year.

While the manufacturing sector grew by 13.3% during the month, the performance of the mining and electricity sectors remained poor at 3.7% and 4.2% respectively, said the Index of Industrial Production (IIP) released by the government on 12 December.

During April-October 2007, the IIP went up by 9.7%, but was marginally down from 10.1% recorded in the corresponding period last year.

The manufacturing sector during the seven-month period recorded a growth of 10.4%, while the mining and electricity sectors grew by 4.8% and 7.2% respectively.

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