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Below are Views On The inflation and industrial production data are better than most estimates By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International

“The inflation and industrial production data are better than most estimates. While the decline in the January inflation to hit a 16-month low is largely due to a sharp fall in food inflation. Fall in food inflation is a big relief as supply-side issues are resolved. The Industrial production data at 1% is indicative of the manufacturing activity picking up post lockdown. It will reflect on the GDP data which will be released later this month.

The fall in retail inflation will be a big breather for the central bank which was battling high inflation for months but is likely to stay away from any rate cut for some time. Drop in the number of new cases, vaccination drive, fall in inflation, rise in industrial output bodes well for overall economic growth.”

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