Finance Ministry said that the data on the Index of Industrial Production (IIP) for August and Consumer Price Index New Series in September this year point towards steady improvement in the Indian economy. An official release said, IIP growth has registered an increase of more than 6 per cent after 34 months. It said, manufacturing sector growth at 6.9 per cent in August 2015 has spearheaded industrial production.The Ministry said, inflation continues to be low as per the latest available Consumer Price Index numbers. Industrial growth data is a reflection of recovery in the economy, predominantly led by domestic demand as the external sector environment continues to be sluggish.