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Dec 10, 2010

Indian Economy: Index of Industrial Production touches double digit of 10.8 in Oct 2010

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The index of industrial production(IIP) touched the double digit mark in the month of October 2010, as the date released by the Ministry of Commerce and Industry on Friday.

The outstanding growth in the industrial output will be a good indication showing the steady growth of India economy.

The bloom in the all the sector and the good monsoon baring floods in some parts, made the economy in strong position to achieve the industrial growth too.

On the flip side, the Reserve Bank of India may consider for another hike in the interest to tame the inflationary pressure on the Indian economy.

The stimulus package by the government of India during the global slowdown to various industries and sectors has been giving its best result to the Indian economy.

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