IGI Logo

Below is quote on IIP numbers by Ms. Rajani Sinha, Chief Economist & National Director – Research, Knight Frank India.

“The Index of Industrial Production has continued to decelerate in December, in response to Omicron related disruptions. This is broadly is in line with slowdown that we have seen in some other high frequency economic indicators for the last few months. It is specifically concerning that consumer goods, both durables and non-durables, have recorded a YoY fall in December. This further highlights the need for consumption boost in the economy.  However, it is to be noted that on a sequential basis (month on month) there has been a growth of 7.5% in the IIP. Going forward, the IIP numbers are likely to improve as Omicron related concerns abate”.

Above views are of the author and not of the website kindly read disclaimer