Economy is on growth path
The index of industrial production for the month of October 2009 has
recorded 10.3% growth. The double digit growth rate was expected at the
back of strong GDP numbers. In short, major macro economy indicators
performed well and indicated that the worst for Indian economy is
likely to over.
September IIP revised to 9.6% versus 9.1% and April-October industrial
growth was at 7.1% versus 4.3% (YoY). The one of the major sector in
IIP that is manufactured sector performed well. Manufacturing sector
growth came in at 11.1% versus (-) 0.6%..