After hiccup,Montek talks up the economy

8220;We are hoping that during 2010-11,we will close the fiscal with double digit factory output,8221; Planning Commission Deputy Chairman Montek Singh Ahluwalia said here.

The fiscal 2009-10 ended with a 10.4 per cent growth in factory output. The expansion in index of industrial production IIP has stayed above 10 per cent for six months in a row,peaking at 17.6 per cent in December.

Though the pace of IIP growth has moderated to 13.5 per cent in March,it is considered healthy in the backdrop of uncertain recovery in several parts of the world.

On the decline in March IIP,Commerce and Industry Minister Anand Sharma said a detailed analysis would be done to look into its reasons.

8220;We will have a comprehensive review of industrial production. We8217;ll look at the sectors where depression decline has come. We will go into the reasons why it has come and look at the ways of intervention to correct it.8221;