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Industrial output touches five-year high

Industrial growth reached to a five-year high in October, owing to rise in purchases of consumer goods during the festive season , showing good signs for the economy.

Policy Pulse
Publish Date: Dec 12 2015 4:45PM | Updated Date: Dec 12 2015 5:19PM

Industrial output touches five-year high

 Industrial growth reached  to a five-year high in October, owing to rise in purchases of consumer goods during the festive season , showing good signs for the economy.

 
However, experts have also attributed the growth to favourable base effect.
 
The industrial output reached 9.8 per cent in October with 17 of the 22 industry groups in the manufacturing sector showing a positive growth.