New Delhi, March 30 -- Index of Industrial Production (IIP) grew at a healthy rate of 5.2 per cent in February over 4.8 per cent in January despite ever-increasing geopolitical tensions, said PHD Chamber of Commerce and Industry in a communique released here on Monday.
Rajeev Juneja, President of PHDCCI, said, "The improvement in industrial production reflects strengthening momentum in capital-intensive sectors, particularly infrastructure and manufacturing."Juneja noted that sustained expansion in capital goods signals improving private investment activity, a critical element for medium-term growth.
"The important element of growth is the broad-based performance across 14 manufacturing segments, which indicates resilience in industrial d...