Thursday, February 10, 2011

India's Industrial Production during first 9 months of FY2010-11 is 8.6%, which is very good

The cumulative growth for the period April- December, 2010-11 stands at 8.6% over the corresponding period of the previous year. Month on Month growth is 1.6% higher as compared to the level in the month of December 2009.

The December industrial output was always expected to show growth but at a moderate level as the Dec 2009 output was extremely strong.(i.e. calculation of the index from a higher base of Dec 2009)

Overall Indian growth story is intact and continues to be Strong

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