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Perspective on IIP numbers By Ms. Rajani Sinha, Knight Frank India
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Below is perspective on IIP numbers by Ms. Rajani Sinha, Chief Economist & National Director – Research, Knight Frank India.
“ The recovery in Jan’22 industrial production is uneven and is partly supported by the base effect. The momentum in manufacturing sector is positive for the economy. However, the persisting contraction in the capital goods production, which is a barometer of investment demand, is indicating a weakness in private investments. Furthermore, consumption demand in the economy continues to remain weak as indicated by the continual contraction in consumer durables. This will be a concern for the RBI amidst inflation worries”.
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