Industrial production grows 5.7% in November 2016

Allaying fears of a slowdown following demonetization, the country's industrial production grew 5.7% in November 2016, compared to a contraction of 3.4% in November of the year 2015.Factory output measured in terms of the Index of Industrial Production, IIP, enhanced in November 2016 due to better performance of the manufacturing, electricity and capital goods sectors.