Indian Stock market was trading marginally lower on Tuesday after closing...
India's industrial production has raised 16.7% in the month of January. According to the official data, the country's industrial output has managed to grow a massive 16.7% earlier this year. At this point of time last year it was just above null. The output was 1% to be precise. But from the month of December, 2009, the level of production has increased and the industry has bounced back with the advent of a fresh year. Apart from that the industry has produced a better result than that of expected by the experts.
As per the data released by the Central Statistical Organization, the index of industrial production was standstill at 9.6 per cent during the first 10 months i. e. from April 2009 to January 2010.
The index of industrial production (IIP) measures the country's factory output. Data suggest that the manufacturing industry and Mining have increased 17.9% and 14.6% respectively for the month of January. Power output was also upbeat by 5.6% while consumer durables sector was recorded to grow a massive 31.6% up.