Industrial production jumps in Oct, IIP growth at 11-month high of 8.1%

Of 23 sub-sectors within manufacturing, only two recorded a year-on-year contraction, down from seven in September

Industrial output growth shot up in October, rising to an 11-month high of 8.1 per cent as manufacturing growth accelerated and capital goods production rose by the highest margin in the current financial year. 

The two-other sectors of electricity and mining output also saw significant jumps in the latest month, data for which was released on Wednesday. 

In October, growth in the Index of Industrial Production (IIP) had accelerated up from the 4.46 per cent growth in September. This is largely attributable to the manufacturing segment, which constitutes the bulk of the index at 77.6 per cent, growing by nearly 8 per