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India's industrial growth up 11.8 percent in October
By siliconindia
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Thursday, 13 December 2007, 18:24 IST
New Delhi: Sturdy performance of the manufacturing sector took India's industrial growth to 11.8 percent in October, which was 4.5 percent in the same month last year.
The Index of Industrial Production (IIP) released by government states that, even though the manufacturing sector grew by 13.3 percent during the month, the performance of mining and electricity sectors remained poor at 3.7 percent and 4.2 percent respectively.
During the period April-October 2007, the IIP climbed by 9.7 percent, but was marginally down from 10.1 percent recorded in the corresponding period last year.
During the period from April- October 2007 manufacturing sector recorded a growth of 10.4 percent, while the mining and electricity sectors grew by 4.8 percent and 7.2 percent respectively.