India's Oct industrial production eases sequentially to 3.2%
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
High base effect, along with supply side constraints such as semiconductor shortages, eased India's industrial output growth to 3.2 per cent in October, on both year-on-year and sequential basis.
The rise in Index of Industrial Production (IIP) for October marginally eased to 3.2 per cent from 3.30 per cent in September 2021. Similarly, on a year-on-year basis, the October output showed a decelerating trend from a growth of 4.5 per cent reported for the corresponding period of the previous fiscal.
"For the month of October 2021, the Quick Estimates of Index of Industrial Production with base 2011-12 stands at 133.7," the Ministry of Statistics and Programme Implementation said.
"The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of October 2021 stand at 109.7, 134.7 and 167.3 respectively."
