Industry figures out: Nov factory production jumps to 8.4%, a 25-month high

The Index of Industrial Production (IIP) had grown at 2 per cent in October 2017, while it grew by 5.1 per cent in November 2016.

By: ENS Economic Bureau | New Delhi | Updated: January 13, 2018 7:40 am
Nov factory production jumps to 8.4%, a 25-month high Food inflation, as measured by Consumer Food Price Index, rose to 4.96 per cent in December from 4.35 per cent the previous month.

Industrial output for November jumped to a 25-month high of 8.4 per cent, buoyed by higher output growth in manufacturing, consumer non-durables and infrastructure/construction goods sectors. The Index of Industrial Production (IIP) had grown at 2 per cent in October 2017, while it grew by 5.1 per cent in November 2016.

Retail inflation surged to a 17-month high of 5.21 per cent in December, led by a surge in food and housing prices, data released Friday by the Central Statistics Office (CSO) showed. Food inflation, as measured by Consumer Food Price Index, rose to 4.96 per cent in December from 4.35 per cent the previous month.

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  1. Tkr Nathan Thiruvoth
    Jan 13, 2018 at 10:36 am
    Only the day before the Congress Party president released rosy pictures about employment figures in China at Bahrain. To the delight of Chinese he said that 50,000 persons gets employment in China in 24 hour. He perhaps might have got the figures from their Ambassador when he met him during the Doklam crisis. He further denigrated India and was at pains to paint a doomsday scenario for India under Modiji. The same day two other reports appeared in Gulf papers on the front page. One is that Modiji is named the 3rd most popular world leader, only behind Merkel and Macron. The second is a world bank report placing India at the top for GDP growth in 2017 and 2018, ahead of all countries. So the listeners in Bahrain were confused.
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    1. praful vora
      Jan 13, 2018 at 9:46 am
      Where are congress and other doomsday days politicians who thought india economic disaster zone. Let’s see what excuse they give now.
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