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Published on 12/08/2020 9:06:20 AM | Source: Emkay Global Financial Services Ltd

Quote on IIP numbers by Rahul Gupta, Emkay Global

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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 June slumped by 16.6%, better than Reuters poll of -20%. Ever since the nation-wide lockdown began there has been an adverse impact on the production activity. The production rate remained in red even in June but the rate of fall has decelerated on a sequential basis mainly on account of relaxations in lockdown. Going ahead, with lockdown easing further, we may see some shining figures on the eight core industries like electricity, coal and will have a silver lining on the growth.’’

 

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