Indian Economy: Growth -2

[Guest]

<b>Industrial output slumps, Oct's 6.2% lowest this yr</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India's industrial output growth trickled to 6.2 per cent in October, the lowest this fiscal, on account of a slowdown in manufacturing production.
The Index of Industrial Production, which measures the growth in output of manufacturing, power generation and mining, rose 6.2 per cent during the month as against 9.8 per cent in the same month last fiscal.

Manufacturing increased at six per cent in October from 10.9 per cent a year ago, as growth in production of consumer goods, durables and non-durables almost came to a standstill, as per the data released by Central Statistical Organisation.

Electricity generation grew 9.7 per cent during the month under review compared to 7.7 per cent, while mining output increased four per cent as against <b>a negative growth of 0.1 per cent in the same month of 2005-06.</b>

<b>The lower growth in industrial production could ease pressure on Reserve Bank of India to raise interest rates.</b>

.............<!--QuoteEnd--><!--QuoteEEnd-->
Not a good sign, agriculture sector is way down, now manufacturing.