IIP grows at 7.5% in January: Indian industrial production, measured by the Index of Industrial Production (IIP) for the month of January expanded by 7.5% v/s 7.1% in Dec'17 and 3.5% in the same month of previous fiscal. Factory output growth remained way higher than the market expectation of 6.4% on the back of strong performance by manufacturing sector which accounts for around 77% of the IIP index. In terms of industries, sixteen out of the twenty three industry groups showed the positive growth during the month under review. Manufacturing sector grew by 8.7% in January (8.5% in Dec'2017 and 2.5% in...