Indian economy,

Indian economy, the IIP numbers for September will be out today. After August's heart-breaking plunge to 1.3%, IIP growth in the latest month is likely to be better. Estimates range from 3-6% expansion as against 6.9% in September 2007. While a better than expected IIP growth may bring some cheer, there are fears that things could get worse going ahead. As a result, one should watch out for economic numbers for October.

The timing of the IIP data will depend on how good or bad the numbers are. We have seen in the past few weeks, how the Government is trying to manipulate the release of key economic data to limit the impact on financial markets.