Perspective on IIP data By Mr Nish Bhatt, Millwood Kane International
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Perspective on IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
‘India’s Index of Industrial Production (IIP) dropped to 5.8 per cent in September from 10.3 per cent in August, falling for the first time in three months, indicating softening of growth momentum in the month of September. The growth seen is primarily driven due to good show by manufacturing, mining and electricity sectors. Moving forward, expecting the global geopolitical crises, upcoming elections, an unfavorable base and festival season imparting a fair degree of volatility to the industrial growth numbers in the coming months
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