IIP growth dips to eight-month low of 3.2% in Oct as manufacturing drags

Growth in industrial production came down to an eight-month low of 3.2 per cent in October, with capital goods and automobiles applying brakes in the biggest segment -- manufacturing -- despite it being a festival month.

The rate was 3.3 per cent in the previous month.

The base normalising after output rose following relaxations in Covid-induced lockdown last year also came in the way of growth in the index of industrial production (IIP). The index had risen 4.5 per cent in October last year against 1 per cent in the previous month.

However, comparing output growth is tricky because the