IIP growth rate at 5.7% in the month of November 2016 is
inspiring and we look forward to the continuation of the momentum in the coming
months too, said Mr. Gopal Jiwarajka, President, PHD Chamber of Commerce and
Industry.
Despite the process of demonetization, growth at 9.8% in
the durable consumer goods segment is encouraging. The growth in manufacturing
sector at 5.5% is an indicative of steady industrial activity and reflecting
the visible effect of various reform measures undertaken by the Government,
said Mr. Jiwarajka.
Growth in capital goods at 15% envisages the uptick in
investment activity and we can expect the investment regime to pick up in the
coming months too, he said
The continuation of the reform measures would pave the
way for a significant rebound in the industrial activity and overall growth of
the economy, said Mr. Gopal Jiwarajka.
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