Industrial growth hit a five-year high of 9.8% during October 2015 as manufacturing sector clocked double-digit rise.
“The latest October IIP is very good. It’s a high number, good number and encouraging number. But one has to be a little bit careful in interpreting this number… especially this month as there is a Diwali effect,”
Chief economic advisor Arvind Subramanian.
This has been the trend since start of the Year.
Industrial production grew at a two-month high of 4.1 per cent in April 2015,predominant results considering The factory output, measured by the Index of Industrial Production (IIP), was 3.7 per cent in April 2014.
Consumer durables, evident from auto sales data that were released last month Nov 2015 ,emerged as a star, clocking 42.2% growth, compared to 35% contraction in October 2014. There was also a strong performance from consumer goods (18.4%) and capital goods (16.1%).
So we can say India is on Right Track of Progress and PM Modi can make his Dreams True.