IIP growth dips to 5.6 pc in Aug; FM, India Inc disappointed

Last updated: 13 October 2010

IIP growth dips to 5.6 pc in Aug; FM, India Inc disappointed Industrial output in August grew at the slowest pace in 15 months at 5.6 per cent, nearly half of same period last year, disappointing the government that was betting on domestic consumption to drive the economy. Manufacturing sector, which accounts for 80 per cent of the factory ouput numbers and a key indicator of consumer demand, saw growth slip to 5.9 per cent from 10.6 per cent in August, 2009. (Th
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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