India logs 3.2 pct IIP growth in May on positive growth in manufacturing
According to the Ministry of Statistics & Programme Implementation, the quick estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of May 2018 stands at 128.8, which is 3.2 percent higher as compared to the level in the month of May 2017. The cumulative growth for the period April-May 2018 over the corresponding period of the previous year stands at 4.0 percent.
India's Industrial production (IIP) grew by 3.2 per cent in May against 2.9 per cent expansion in the same month last year, according to official data. Representational Image, source: Reuters