Numbers Indicate Strong Revival In Indian Manufacturing

Finance Minister Pranab Mukherjee said the current trend in theIndex of Industrial Production(IIP) is encouraging and would allow the economy to achieve a Gross Domestic Product (GDP) growth rate of 7.2 per cent in the current financial year. The finance minister said the annual IIP growth figure was 9.6 percent which was close to double digits. “It shows that growth is not merely government-expenditure-driven but manufacturing is also contributing.”