Index of Industrial Production (IIP: 1993-94=100) registered a robust growth of 11.8% in October 2007 as against 4.5% in the corresponding month of 2006. Higher demand on account of festival season and lower base effect are seen as the major factors responsible for the higher growth of IIP during he month. However, this brooks no complacency as in the first seven months (April-October) the IIP growth is lower at 9.7% as against 10.1% in the corresponding period of the last year. Same growth pattern is seen in manufacturing segment (which accounts for 79.4% weightage in IIP). The sector grew by 13.3% in October 2007 as compared to just 3.8% in the corresponding month of the last year. But during April-October manufacturing sector registered a growth of 10.4% as against 11.1% last year. Absolute decline recorded by consumer durables segment continues to be a cause for concern.    (For detailed data please refer to industry data series under India Update)