India needs to do a lot in all front to push IIP growth. Push in fiscal policies and to boost manufacturing sector is highly essential to keep economics prudence check.
In 2016/17 fiscal year, industrial output expanded by 5 percent. Industrial Production in India averaged 6.64 percent from 1994 until 2017, reaching an all time high of 20 percent in November of 2006 and a record low of -7.20 percent in February of 2009.
Industrial production in India increased by 2.7 percent year-on-year in March 2017, following an upwardly revised 1.9 percent rise in the previous month and beating market expectations of a 1.5 percent gain. Output rose further for both mining (9.7 percent from 4.6 percent in February) and electricity (6.2 percent from 1.2 percent) while manufacturing production grew at a slower pace (1.2 percent from 1.4 percent
Business Confidence in India increased to 57.20 in the second quarter of 2016 from 54.10 in the first quarter of 2016. Business Confidence in India averaged 57.95 from 2005 until 2016, reaching an all time high of 71.80 in the first quarter of 2007 and a record low of 45.70 in the third quarter of 2013.
India has lot to do to get into competitive mode and its demand of time to take all necessary measures to increase business confidence as well as boost Industrial production.