Industrial production growth hits 17-month high of 8.4 per cent in November

Industrial production growth rose to 8.4 per cent, seventeen months high, in November 2017 on the back of robust performance of manufacturing and capital goods sectors. The factory output, measured in terms of Index of Industrial Production (IIP) grew 5.1 per cent in November 2016. According to data released by Ministry of Statistics and Programme Implementation, Manufacturing sector, which constitutes 77.63 per cent of the IIP, recorded an impressive growth of 10.2 per cent in November as compared to 4 per cent a year ago.