New Delhi: India’s growth in Industrial Production measured in the Index of Industrial Production (IIP) rose by 8.4 % in November, mainly due to exponential rise in manufacturing output. The cumulative growth for the period April-November 2017 over the corresponding period of the previous year stands at 3.2 percent.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2017 standat107.4, 127.5 and 140.1 respectively, with the corresponding growth rates of 1.1 percent, 10.2 percent and 3.9 percent as compared to November 2016 . The cumulative growth in these three sectors during April-November 2017 over the corresponding period of 2016 has been 3.0 percent, 3.1 percent and 5.2 percent respectively.
On the other hand India’s retail inflation for the month of December has increased to 5.21% mainly due to rise in food prices.