>> Wednesday, November 12, 2008
The industrial growth in September was at 4.8% against the 13-year low of 1.4% in August 2008.
The index of six infrastructure industries, that have a combined weight of 26.7% in the IIP, posted a growth of 5.1% for September. Electricity, which has a weight of 10.17% in the IIP, recorded 4.4% growth rate for September, up sharply from 0.8% in August.
Central excise collection for September registered a 3.8% drop from the corresponding month last year. The direct tax numbers for October also shows that real estate, infrastructure, cement, automobiles, power, textiles and downstream oil companies are witnessing moderation in growth in comparison to corresponding period last year.
IIP Figures a bit more than expected by Reuters Poll.