IIP for October

The Index of Industrial Production (IIP) for October 2009 registered a growth of 10.3% Y-O-Y,
well below the consensus estimate of 12%.
For the year-to-dateperiod of FY2010, the IIP growth now stands at 7.1%, which is higher compared with the 4.3% growth during the corresponding period of the last year.

The growth in the industrial output during October 2009 was led by the manufacturing and mining segments while the growth in the electricity segment was more or less in line with that of the previous year.