Perspective on IIP Data by Mahendra Patil, Founder and Managing Partner, MP Financial Advisory Services LLP
Below the Perspective on IIP Data by Mahendra Patil, Founder and Managing Partner, MP Financial Advisory Services LLP
“The July IIP print is an encouraging signal of India’s industrial resilience, with manufacturing expanding by 5.4% and overall output rebounding after June’s softness. Importantly, the HSBC Manufacturing PMI at 59.1, a 16-month high, reinforces that the momentum is broad-based and strengthening. Our large consumption base — nearly 62% of GDP — continues to act as a stabilizer even amid global tariff shocks, while rising capital expenditure, now at 23% of the Union Budget, is clearly translating into industrial momentum. While non-durables remain patchy, the rebound in durables alongside sustained investment highlights that India’s growth engine is firmly anchored in domestic demand, providing policymakers the space to stay data-driven while sustaining long-term competitiveness.”
Above views are of the author and not of the website kindly read disclaimer
