Finance Minister Pranab Mukherjee on Wednesday said deceleration in industrial growth to 2.7 per cent in November and high inflation could have an adverse impact on the economy. Speaking to reporters in New Delhi, Mr Mukherjee promised to take corrective steps to push up factory output.He said we shall have to look into and take corrective measures so that IIP numbers revive in the remaining four months.Notwithstanding the sharp drop in industrial growth in November, Planning Commission Deputy Chairman Montek Singh Ahluwalia said the economy is on track as far as GDP growth is concerned.About ending the fiscal with over 10 per cent industrial growth this fiscal, he said he hoped it would be achieved, along with 8.5 per cent or a little higher GDP growth.About the wild swings in monthly industrial growth data he pointed out that data for week or month will always be more volatile than for a longer period.The country's Industrial growth plunged to an 18-month low of 2.7 per cent in November 2010, from 11.3 per cent in the same period a year-ago. In October 2010, the industrial production had expanded 11.29 per cent.According to official data released on Wednesday, manufacturing grew just 2.3 per cent in November. Mining output grew 6 per cent in November 2010, against 10.7 per cent growth recorded last year.Electricity generation rose 4.6 per cent, from 1.8 per cent. Within manufacturing, consumer non-durable goods production contracted 6 per cent in November, while consumer durables rose 4.3 per cent, against a whopping 36.3 per cent growth in November 2009.But capital goods output expanded 12.6 per cent, from 11 per cent a year ago.As many as 9 out of 17 industry groups posted negative growth in November. Industrial growth now stands at 9.5 per cent during the first eight months of this fiscal, against 7.4 per cent a year ago.