September IIP at 2.5% vs 0.4% in August

August IIP has been revised from 0.5% to 0.4%

India's industrial growth for September came in at 2.5% versus a revised 0.4% for August.

Capital goods growth has seen major bump-up coming in at 11.6% versus -11.3% in August and that has resulted in arresting the decline.

However, other components of the data have continued to see a slide. Mining sector growth has come in at 0.7% versus 2.6% month-on-month. Similarly, electricity growth has come in at 3.9% versus 12.9%.

Basic goods growth has declined from 9.6% to 5.1% this time around.

The other uptick of sorts was visible in the consumer non-durables growth, which came in at 1.5% versus -0.9% month-on-month.