IIP up 11.7% in June

Propelled by improved performance in the manufacturing, power and mining sectors, the index of industrial production (IIP) recorded a growth of 11.7% in June as against 7.3% in June 2004 - a double-digit growth for the second consecutive month this fiscal.

On a cumulative basis, IIP in Q1FY06 moved up by 10.3% as against 7.7% in the year-ago period, according to official figures released today.