On the industrial production front, it is better than expected at 4.2%, most components contributed to it Says Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Perspective On CPI & IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“The slew of positive developments continues for India. After a robust growth rate, status-quo of the MPC. We now have the retail inflation cooling to a 25-month low. Food and fuel price inflation cooling has primarily led to a fall in the headline figure. The core inflation too cooled off to a 5% level.
On the industrial production front, it is better than expected at 4.2%, most components contributed to it - Mining, manufacturing, infra goods and consumer non-durables. This data set is encouraging, and will help the central stay on an extended pause for longer than envisaged earlier. A good monsoon year and stability in crude prices will guide the economic data going forward.”
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