Industrial Growth Rate

The industrial growth, measured in terms of Index of Industrial Production (IIP), has declined during the last two years from 1.1% in 2012-13 to (-) 0.1% in 2013-14. IIP has thereafter recorded a positive growth of 2.1% (Provisional) during April-December, 2014-15. The reasons for the decline in industrial growth are, inter-alia, moderation in domestic demand, inflationary pressures, increase in input costs and slowdown in economies of other parts of the world, etc.