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Core sector reports 6.2% growth

New Delhi, Dec. 12: The index of industrial production (IIP) rose by 6.2 per cent in October this year against a dismal 3.2 per cent reported in the corresponding previous month.

Led by a strong recovery in the manufacturing sector, which accounted for more than three-fourths of the weightage in index of industrial production, the manufacturing sector registered a growth of 6.4 per cent in the reporting month over 3.5 per cent in the corresponding previous month.

According to estimates of index of industrial production released by the Central Statistical Organisation, the cumulative industrial growth during April-October stood at 5.5 per cent compared with 2.5 per cent in the corresponding period last year.

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