IIP Grows by 3.6% in October
20-Apr-2022Industrial activity expanded for second consecutive month, registering a growth of 3.6% in the month of October, while growth for the month of September was revised upwards to 0.5% from provisional estimate of 0.2%. The pick-up is largely attributed to a favourable base (IIP contracted 6.6% in Oct’19), even though, manufacturing activity expanded for the first time in this financial year, thus contributing to the uptick in the overall IIP number.