India’s industrial production growth, as measured by the Index of Industrial Production (IIP), rose 0.4 per cent in October, easing sharply from 4.6 per cent in September. The slow growth in the month could be attributed to less number of working days because of a number of festivals in the month.

 

Meanwhile, the IIP growth rate has been upwardly revised to 4.6 per cent for September this year. According to the data released by the Ministry of Statistics and Programme Implementation, among the three major components of IIP, Electricity declined 6.9 per cent, mining as well as manufacturing, both dipped 1.8 per cent each.