IIP at 8.4% encouraging, growth is becoming visible :PHD Chamber

IIP at 8.4% encouraging, growth is becoming visible :PHD Chamber

IIP at 8.4% encouraging, growth is becoming visible :PHD Chamber

No.PR-135

January 12, 2018

New Delhi

IIP at 8.4% encouraging, growth is becoming visible :PHD Chamber

While appreciating the encouraging IIP number at 8.4% for the month of November 2017, President PHD Chamber Mr. Anil Khaitan said that as the teething problem of GST have been almost over, the growth in industry has come with a strong rebound and we look forward the growth to become more strong in the coming quarters.

IIP grew at 8.4% in November 2017 as compared with 5.1% in November 2016.

All the use based segments have grown in a good trajectory such as consumer non-durables have shown an enormous 23% growth followed by a good growth of 13.5% in the infrastructure/construction goods whereas the growth in the capital goods at 9.4% is inspiring and indicative of a revival of investment cycle in the times to come, said Mr. Anil Khaitan.

The dynamic reforms undertaken by the Government are becoming visible with fruitful results and we look forward to a new set up of economic reforms from the Government to improve further the ease of doing business, consolidation of the labour laws in a single uniform code across the country, said Mr. Anil Khaitan.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)