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Published on 10/07/2020 8:13:52 PM | Source: Emkay Global Financial Services

Quote on IIP numbers by Mr. Rahul Gupta, Emkay Global Financial Services

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Below is the Quote on IIP numbers by Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services

‘’The IIP for the month of May slumped to 34.7%, however Reuters had expected a fall of 37.8%. Despite some relaxations, the lockdown still continues so this data cannot be compared with previous months. Ever since the nation-wide lockdown began there has been an adverse impact on manufacturing, mining, infrastructure activities. Until the lockdown ends, the contraction in industrial production will continue to have a negative impact on India’s GDP.’’

 

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