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Below is Perspective on IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International 

The Industrial production data has been falling for three consecutive months now. The production data at near-zero percentage level coupled with rising inflation is a cause of concern, though the RBI has been clearly focusing on growth over inflation.

Most of the components have been on a downward spiral primarily manufacturing, electricity, capital, consumer durables, and intermediate goods. For an economy to rise, it is important that the manufacturing perform. The manufacturing segment also helps create huge employment opportunities. Slowing industrial growth is concerning even as the government and the central bank have been ensuring ample liquidity for businesses and well large industries.

Inflation staying in range, industrial growth rising is crucial for overall economic growth at desirable high single-digits.

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