Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680524971713c-trace').style.display = (document.getElementById('cakeErr680524971713c-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680524971713c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680524971713c-code').style.display = (document.getElementById('cakeErr680524971713c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680524971713c-context').style.display = (document.getElementById('cakeErr680524971713c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680524971713c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
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</span></span></code></pre><pre id="cakeErr680524971713c-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;
&lt;br /&gt;
This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;
&lt;br /&gt;
Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;
&lt;br /&gt;
Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;
&lt;br /&gt;
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-Livemint.com

In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;&lt;br /&gt;This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;&lt;br /&gt;Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;&lt;br /&gt;Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot; title=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;
&lt;br /&gt;
This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;
&lt;br /&gt;
Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;
&lt;br /&gt;
Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-Livemint.com

In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;&lt;br /&gt;This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;&lt;br /&gt;Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;&lt;br /&gt;Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot; title=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-Livemint.com

In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells..."/>
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                <strong>New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series <br /></em><br />The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.<br /><br />This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.<br /></div><div align="justify">&nbsp;</div><div align="justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG" alt="Manufacturing sector growth" width="357" height="260" /> <br /></div><div align="justify">&nbsp;</div><div align="justify">The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.<br /><br />Why should we attribute the decline in manufacturing growth in recent months to demonetisation?<br /><br />Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.<br /><br />Please <a href="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html" title="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html">click here</a> to read more. <br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680524971713c-trace').style.display = (document.getElementById('cakeErr680524971713c-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr680524971713c-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr680524971713c-code').style.display = (document.getElementById('cakeErr680524971713c-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr680524971713c-context').style.display = (document.getElementById('cakeErr680524971713c-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr680524971713c-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;
&lt;br /&gt;
This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;
&lt;br /&gt;
Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;
&lt;br /&gt;
Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-Livemint.com

In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;&lt;br /&gt;This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;&lt;br /&gt;Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;&lt;br /&gt;Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot; title=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;
&lt;br /&gt;
This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;
&lt;br /&gt;
Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;
&lt;br /&gt;
Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;&lt;br /&gt;This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;&lt;br /&gt;Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;&lt;br /&gt;Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot; title=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells..."/>
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                <strong>New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series <br /></em><br />The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.<br /><br />This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.<br /></div><div align="justify">&nbsp;</div><div align="justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG" alt="Manufacturing sector growth" width="357" height="260" /> <br /></div><div align="justify">&nbsp;</div><div align="justify">The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.<br /><br />Why should we attribute the decline in manufacturing growth in recent months to demonetisation?<br /><br />Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.<br /><br />Please <a href="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html" title="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;
&lt;br /&gt;
This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;
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&amp;nbsp;
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&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
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&lt;div align=&quot;justify&quot;&gt;
The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;
&lt;br /&gt;
Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;
&lt;br /&gt;
Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;
&lt;br /&gt;
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-Livemint.com

In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

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	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;&lt;br /&gt;This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;&lt;br /&gt;Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;&lt;br /&gt;Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot; title=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-Livemint.com&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;
&lt;br /&gt;
This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&lt;img src=&quot;tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div align=&quot;justify&quot;&gt;
The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;
&lt;br /&gt;
Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;
&lt;br /&gt;
Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-Livemint.com&lt;br /&gt;&lt;br /&gt;&lt;em&gt;In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series &lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.&lt;br /&gt;&lt;br /&gt;This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.&lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&lt;img src=&quot;https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG&quot; alt=&quot;Manufacturing sector growth&quot; width=&quot;357&quot; height=&quot;260&quot; /&gt; &lt;br /&gt;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div align=&quot;justify&quot;&gt;The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.&lt;br /&gt;&lt;br /&gt;Why should we attribute the decline in manufacturing growth in recent months to demonetisation?&lt;br /&gt;&lt;br /&gt;Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&amp;mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot; title=&quot;http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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                <strong>New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty</strong></h1>
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                <div align="justify">-Livemint.com<br /><br /><em>In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series <br /></em><br />The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.<br /><br />This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.<br /></div><div align="justify">&nbsp;</div><div align="justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG" alt="Manufacturing sector growth" width="357" height="260" /> <br /></div><div align="justify">&nbsp;</div><div align="justify">The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.<br /><br />Why should we attribute the decline in manufacturing growth in recent months to demonetisation?<br /><br />Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.<br /><br />Please <a href="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html" title="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html">click here</a> to read more. <br /></div>               </font>
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-Livemint.com<br />
<br />
<em>In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series <br />
</em><br />
The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.<br />
<br />
This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.<br />
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&nbsp;
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The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.<br />
<br />
Why should we attribute the decline in manufacturing growth in recent months to demonetisation?<br />
<br />
Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.<br />
<br />
Please <a href="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html">click here</a> to read more. <br />
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-Livemint.com

In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells...',
	'disp' => '<div align="justify">-Livemint.com<br /><br /><em>In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series <br /></em><br />The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.<br /><br />This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.<br /></div><div align="justify">&nbsp;</div><div align="justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG" alt="Manufacturing sector growth" width="357" height="260" /> <br /></div><div align="justify">&nbsp;</div><div align="justify">The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.<br /><br />Why should we attribute the decline in manufacturing growth in recent months to demonetisation?<br /><br />Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.<br /><br />Please <a href="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html" title="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html">click here</a> to read more. <br /></div>',
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-Livemint.com<br />
<br />
<em>In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series <br />
</em><br />
The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.<br />
<br />
This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.<br />
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&nbsp;
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<br />
Why should we attribute the decline in manufacturing growth in recent months to demonetisation?<br />
<br />
Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.<br />
<br />
Please <a href="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html">click here</a> to read more. <br />
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$articleid = (int) 33733
$metaTitle = 'LATEST NEWS UPDATES | New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty'
$metaKeywords = 'Index of Industrial Production (IIP),Manufacturing Sector growth,Manufacturing Sector,Demonetisation,IIP,index of industrial production'
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-Livemint.com

In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series 

The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells...'
$disp = '<div align="justify">-Livemint.com<br /><br /><em>In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series <br /></em><br />The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years.<br /><br />This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.<br /></div><div align="justify">&nbsp;</div><div align="justify"><img src="https://im4change.in/siteadmin/tinymce/uploaded/Manufacturing sector growth.JPG" alt="Manufacturing sector growth" width="357" height="260" /> <br /></div><div align="justify">&nbsp;</div><div align="justify">The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%.<br /><br />Why should we attribute the decline in manufacturing growth in recent months to demonetisation?<br /><br />Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16&mdash;the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16.<br /><br />Please <a href="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html" title="http://www.livemint.com/Money/oYE902Pvtv5ltCWe9P2WcI/New-IIP-series-shows-severe-impact-of-demonetisation-on-manu.html">click here</a> to read more. <br /></div>'
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New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty

-Livemint.com In the December-March of 2016-17 period, manufacturing growth was the lowest compared with the same period in the past five years, shows new IIP series The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing growth was the lowest compared with the same period in the past five years. This is very likely a result of the hit taken by the sector on account of demonetisation. The new IIP data does not include the informal sector; so the slowdown shown by the chart is in the organized sector. The informal sector would have been hit much harder.     The chart shows the impact. The average rate of growth in the manufacturing sector in the 2011-12 series (year-on-year) during December 2016-March 2017 was 1.6%, compared with an average of 4.9% in December 2015-March 2016. The average rate of growth in the last four months of the fiscal year in 2014-15 was 3.2%; in 2013-14 it was 3.7% and in 2012-13 it was a very high 9.4%. Why should we attribute the decline in manufacturing growth in recent months to demonetisation? Because, if we take 2016-17 as a whole, manufacturing growth in terms of the new series was 4.9%, much higher than the growth of 3% in the previous fiscal. Which means growth in the first eight months of FY17 was much higher than in the corresponding period of FY16—the average year-on-year growth in the first eight months of FY17 was 6.6%, compared with 2.1% for the corresponding period of FY16. Please click here to read more.