<h1>Industrial Growth Surge: IIP Records 7.9% Increase in Q1 2016-17, Annual Growth at 5.0.</h1> The Index of Industrial Production (IIP) measures changes in manufacturing, mining, and electricity production, using 2011-12 as the base year. During the first quarter of 2016-17, the IIP recorded a 7.9% growth. The annual growth rate for the industrial sector was 5.0% in 2016-17, up from 3.4% in 2015-16. This data was provided by the Commerce and Industry Minister in a written reply to the Lok Sabha.