India's IIP Grows To Five-Months High Of 7.1% In November: CareEdge
Manufacturing made the largest positive contribution of 4.7% to overall industrial activity growth,
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CareEdge Research Report
Index of industrial production growth has surprised on the upside accelerating to a five-months high of 7.1% in November supported by favorable base and momentum effect.
Industrial output registered a broad-based improvement across sectors and use-based segregation. Within sectors, manufacturing made the largest positive contribution of 4.7% to overall industrial activity growth, while mining and electricity made contribution of 1.4% and 1% respectively.
The improved performance in industrial activity is also in line with the healthy rise of core sector output in November.
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