Commerce and Industry Minister Ms. Nirmala Sitharaman has conveyed that 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.