IIP grows by 25-month high at 8.4% in November : Indian industrial production measured by the Index of Industrial Production (IIP) rose to 25-month high at 8.4% in the month of Nov v/s 2.2% in the previous month. The latest reported growth was much higher than market expectation of 4.4% mainly driven by strong growth in the manufacturing sector. As earlier indicated by high frequency indicators, manufacturing sector, which accounts for 77.6% of the index, during the month under review showed strong performance with double digit growth at 10.2% v/s 2.2% in Oct. 15 out of the 23 industry groups in the...