Thursday, 12 January 2017

From Economic Times India’s factory output grows 5.7% in November despite note ban concerns

NEW DELHI: Belying expectations of a slowdown due to demonetisation, industrial production in November grew by 5.7 per cent compared to a contraction of 3.4 per cent in the same month a year ago. 

Factory output measured in terms of Index of Industrial Production (IIP) got a push in November 2016 due to better performance of manufacturing, mining and electricity sectors coupled with larger offtake of capital goods, considered a barometer of investment. 
Read More At The Economic Times


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