S C KHOSLA (Ex - Scientist `F`& Head (SPPD)) 12 January 2012

Iip for nov at 5.9%

IIP for Nov at 5.9%

India's industrial output rose 5.9% in November from a year earlier, government data showed, rebounding from an annual contraction of 5.1% a month earlier.

PM economic advisor C Rangarajan expects the IIP data to keep going strong and said that the negative data in October was an aberration.

According to him, inflation will play an important role in the industrial growth further. "The extent of inflation will be important," he said to a television channel.

Manufacturing output, which constitutes about 76% of the industrial production, grew an annual 6.6%, the federal statistics office said on Thursday.

The basic goods growth at 6.3%. Mining growth at -4.4% vs -7.2% y-o-y.

Consumer durables growth at 11.2% vs -0.3% y-o-y

Consumer non-durables 14.8% vs -1.3% y-o-y

Intermediate goods growth at 0.2%.

Electricity growth at 14.6% vs 5.6% y-o-y.

Source : https://www.business-standard.com/india/news/iip-for-nov-at-59-beats-expectations/155061/on