India’s Nov IIP rises 2.4% from year ago

India's industrial output rebounded in November on the back of improvement in all the three sub segments of the main index, data released by the Government showed on Monday. The combined output at factories, utilities and mines had shrank in October. The index of industrial production (IIP) grew by 2.4% in November as against 4.9% in the same month last year, the Central Statistical Organisation (CSO) said today. The CSO revised October's IIP growth to - 0.3% from -0.4%. In the April-November 2008-09 period, industrial production expanded by 3.9% versus 9.2% in the corresponding period of the previous fiscal year.