IIP in October reaches 9.8%
Q. Index of industrial production for October 2015 stood at what percentage in an increase from the 4 month low in September?- Published on 14 Dec 15a. 9.5%
b. 9.8%
c. 10.2%
d. 10.5%
ANSWER: 9.8%
From the 4 month low touched in September, the index of industrial production stood at 9.8 percent as against 3.6 percent month-on-month. Higher than expected figure was due to re festive ramp up and growth in mining as well as electricity and favourable base. October IIP figure comes in conjunction with the November reading . Electricity generated expanded 9 percent and the mining sector grew to 4.7 percent. General index for October 2015 was pegged at 181.3 that is 9.8 percent higher compared with October 2014.
