The 5.2% growth in IIP for the month of January has come slightly ahead of the estimates of 5.0% Says Mohit Ralhan, TIW Capital
Below Perspective on IIP Data By Mohit Ralhan - Chief Executive Officer, TIW Capital
“The 5.2% growth in IIP for the month of January has come slightly ahead of the estimates of 5.0%. The average since April-2022 has been 5.4% and therefore the January number has come quite close to the average. It is a significant improvement from the 4.3% number in December. The IIP growth in India has demonstrated and an average of 6.05% between 1994 and 2022 and from this perspective there is still quite a headroom for it to grow further from here on, especially in manufacturing which increased only by 3.7% in the month of January. The on-ground business activities appear to be stabilizing with higher growth in capital goods and infrastructure goods of 11.0% and 8.1% respectively. A revival of the capital investment cycle and high spending on infrastructure are likely to keep IIP growth above 5%, keeping Indian economic growth on track”
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