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

ANI  |  New Delhi [India] 

of the (DEA), Chandra Garg, on Saturday said the (IIP) growth of 8.4 percent that was reported for November confirms

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

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

As per data released by the (CSO) on Saturday, retail 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.

for mining, manufacturing and 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 13 2018. 10:59 IST
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