Industrial output growth fastest in 11 months at 8.1% in October


India’s industrial output grew at an 11-month high of 8.1 per cent in October mainly on the back of mining, power and manufacturing sectors coupled with higher offtake of capital as well as consumer durable goods. Industrial production measured in terms of Index of Industrial Production (IIP) grew 1.8 per cent in October last year, as per official data released by the Central Statistics Office (CSO) Wednesday.

The previous high IIP growth rate was recorded in November last year at 8.5 per cent. The growth for September remained unchanged at 4.5 per cent compared to provisional data released last month. During the April-October period, industrial output grew 5.6 per cent as compared to 2.5 per cent in the same period of the previous fiscal.