India's May IIP rises 2.4 per cent
India's index of industrial output (IIP), a key measure of industrial output, grew at 2.4 per cent in May 2012 from the same period in the past fiscal, against an experts' forecast of 1.8 per cent. IIP grew merely 0.1 per cent in April. However, capital goods output fell 7.7 per cent, while that for consumer goods grew 4.3 per cent.
