IIP data surprises on the upside, grows at 3.6% in October

The Index of Industrial Production for the month of October surged to 3.6 per cent beating all estimates.

This is the second straight month for which the factory output data has remained in the positive territory after shrinking for six months due to the coronavirus pandemic.

Most sectors showed growth during the month, with manufacturing and consumer durables standing out.


The month's numbers are in line with the RBI's expectations that the economy would show growth in the Oct-Dec quarter which is earlier that what was anticipated in the October policy review.

Manufacturing and electricity generation sectors registered a growth of 3.5% and 11.2%, respectively.

The mining sector witnessed a contraction of 1.5% in October.