India's industrial production rebounded in November on the back of a recovery in manufacturing output, dpa quoted government data as showing Thursday. Industrial growth, as measured by the Index of Industrial Production (IIP), rose by a better-than-expected 5.9 per cent in November year-on-year, compared to a 5.1-per-cent contraction in October, the Central Statistical Organization said. The manufacturing sector, which constitutes more than three quarters of the IIP index, registered 6.6-per-cent growth in November, against a 6-per-cent contraction the previous month. Electricity output grew by a robust 14.6 per cent, but mining output was down 4.4 per cent in November in light of mine closures following corruption scandals. Factory output registered cumulative growth of 3.8 per cent in the April-November period. The November figures could help lift fears of an impending slowdown in Asia's third-largest economy. "The rebound in the IIP in November after the previous month's decline demonstrates that industrial growth is not on a downward spiral, providing relief to industry," Chandrajit Banerjee, director general of the Confederation of Indian Industry, was quoted by the IANS news agency as saying. Banerjee said the recovery had been driven mainly by the consumer goods sector, with both durables and non-durable showing strong growth.
