Below is the Views On Perspective on June IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International, an investment consulting firm
“The industrial production data for the month of June at -16.6% is better than expected, as the government lifts the lockdown in a phased manner many industries opened up and clocked in production numbers which are clearly visible with the manufacturing sector growth.
Many components of the IIP are still in the negative territory but showing steady recovery. The services sector will take longer for a full recovery while growth in Non-Durables at 14% is a positive surprise.
Continuous fall in IIP for the month of April-June indicates a fall in overall economic activity and likely to have a negative impact on GDP data due later in the month. IIP growth going forward will mirror the government's decision to lift the lockdown and human capital going back to offices and other workplaces for regular work which will spell a full-fledged recovery in economic activity.”
About Millwood Kane International:
With a 25+ year strong legacy, Millwood Kane International is an investment consulting firm with real estate at its core. They are committed towards delivering strong returns, providing enhanced value through efficiencies that are achieved through a holistic and tailored approach. With in-depth knowledge, a diverse culture and insights into various industries and markets, MKI clients benefit from unique and creative cross-border opportunities. Millwood Kane International has cultivated global partners and resources allowing individuals and corporations a route to Europe, Africa and the Middle East through using Cyprus as a hub, reaping the benefits of a more efficient tax environment, whilst enjoying one of the best lifestyles in the world.
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