IIP growth rate for Dec 09 was the fastest in the past 16 years.India's factory out put surged by 16.8%.It has beaten the planning commission's own estimate of 13% and market expectation of 12-12.5%.
Auto sector grown by 82.2%, Chemicals by 29% and consumer durables by 46%.
Mining & Electricity sector had grown by 9.5% and 5.4% respectively.
While this bodes well for the investor confidence, the fear of Govt.'s withdrawal of stimulas will keep the share market in check. But all in all this is a big morale booster, and long term prospects had distincly improved.
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