The industrial performance measured in terms of Index of Industrial Production (IIP) estimates changes in the production of manufacturing, mining and electricity over base year 2011-12. As per latest available data, IIP during the first quarter of 2016-17 registered a growth of 7.9 per cent. The figures for the first quarter of 2017-18 are not available.
As per IIP, the annual growth rate of industrial sector was 5.0 per cent in 2016-17 compared to 3.4 per cent in 2015-16.
This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Lok Sabha today