Explorer

IIP at 8.4% confirms sound manufacturing revival: Economic Affairs Secy.

New Delhi [India], Jan 13 (ANI): Secretary of the Department of Economic Affairs (DEA), Subhash Chandra Garg, on Saturday said the Index of Industrial Production (IIP) growth of 8.4 percent that was reported for November confirms sound manufacturing revival.

"After core sector growth at 6.8 percent, exports growth exceeding 30 percent and Purchasing Managers' Index (PMI) at a multi-year high of 54.7, IIP growth at 8.4 percent in November confirms sound manufacturing revival," he tweeted.

In this regard, Garg claimed that industrial growth is expected to be higher in the second half for GDP growth to exceed the estimated 6.5 percent.

As per data released by the Central Statistics Office (CSO) on Saturday, retail inflation for the month of December 2017 stood at 5.21 percent, up from 4.88 percent in November, while the general index (IIP) for the month of November 2017 stood at 125.6, which is 8.4 percent higher as compared to the level in the month of November 2016.

IIP for mining, manufacturing and electricity sectors for the month of November 2017 stood at 107.4, 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. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Bangladesh Seeks Return Of Deposed PM Sheikh Hasina, Sends Note Verbale To India
Bangladesh Seeks Return Of Deposed PM Sheikh Hasina, Sends Note Verbale To India
Delhi High Court Refuses Anticipatory Bail To Ex-IAS Probationer Puja Khedkar: 'Classic Case Of Fraud'
Delhi HC Refuses Anticipatory Bail To Ex-IAS Probationer Puja Khedkar: 'Classic Case Of Fraud'
Rahul Gandhi In Parbhani Accuses CM Fadnavis Of Lying About Custodial Death, Says Man ‘Killed’ Because He Was Dalit
Rahul Gandhi In Parbhani Accuses CM Fadnavis Of Lying About Custodial Death, Says Man ‘Killed’ Because He Was Dalit
Pushpa 2 Stampede: Komatireddy Urges Allu Arjun To Pay Rs 20 Crore Compensation To Victim, Says 'His Open Top Car Show...'
Pushpa 2 Stampede: Komatireddy Urges Allu Arjun To Pay Rs 20 Crore Compensation To Victim
Advertisement
ABP Premium

Videos

Sambhal News: Two New Corridors Found in Ancient Stepwell Excavation in ChandausiLucknow Police Encounters Robbers, Arrests Trio Involved in Bank Heist, One InjuredSambhal Stepwell Excavation: Truth to be Revealed, Major Discoveries Await - ABP NewsProtests Outside Allu Arjun's House Over 'Pushpa 2' Stampede Incident, Accused Granted Bail

Photo Gallery

Embed widget