IU Economists: Non-Durables Manufacturing Driving Indiana Growth
Indiana University economists identified the non-durables manufacturing sector as a major growth driver for the Indiana economy during the annual Futurecast Business Outlook event. The economists noted that the state’s non-durables sector grew 12% last year and they pointed to pharmaceuticals manufacturers such as Eli Lilly as significant contributors to that growth. While some of the state’s other commercial and industrial sectors are lagging, and its agricultural sector is struggling, Indiana’s economic growth exceeds that of other Midwestern states according to the IU economists.
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