Home / Economy / News / IIP grows marginally to 4.5% in September; October CPI inflation at 3.31%

IIP grows marginally to 4.5% in September; October CPI inflation at 3.31%

Primary Goods growth was unchanged at 2.6 per cent on month-on-month basis

Steel Industry, JSW steel, Tata, steel, SAIL, Steel Authority of India ,ArcelorMittal, Nippon Steel, VTB Capital,Essar Steel,Numetal,Vedanta steel, Vedanta, Electrosteel Steels,Bhushan Power & Steel, METAL INDUSTRY

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VTB Capital, which has a 40 per cent stake in Numetal, has no operational experience in running the steel business

Last Updated : Nov 12 2018 | 5:52 PM IST

Industrial production grew to 4.5 per cent in September on the back of good performance by the manufacturing sector and higher offtake of capital goods and consumer durables.

The manufacturing sector remained unchanged at 4.6 per cent in September on a month-on-month basis.

The Consumer Price Index-based Inflation was at 3.31 per cent in the month of October compared with 3.77 per cent in the month of September.

Food inflation fell to -0.86 per cent for the month of October, compared to 0.51 per cent for the month of September.

Primary Goods growth was unchanged at 2.6 per cent on a month-on-month basis.