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Govt revises IIP growth rate twice in a day to 2.3%

Statesman News Service |

NEW DELHI, 13 JUNE: Correcting the industrial output figures twice within a span of a few hours, the government today said IIP grew at 2.3 per cent in April instead of two per cent reported yesterday. The first correction this morning put the index at 2.2 per cent, only to revise it yet again later in the day to 2.3 per cent.
The ministry of statistics and programme implementation cited wrong recording of production data for the electricity sector as the reason for revision.
According to official data released yesterday, industrial production, measured in terms of index of industrial production (IIP,) registered two per cent growth in April.
An official statement earlier in the day said: “The General Index (of industrial production) for the month of April 2013 is revised upward to 167.8 from 167.3 shown in the Press release (issued yesterday). The revised index is 2.2 per cent higher as compared to the level in the month of April 2012.” pti