Friday, September 20, 2013

IIP gave positive surprise BUT...........

vJuly 13 IIP ( Industrial production ) pleasantly surprise all with 2.6% YOY growth ( -1.8% in June 13 )
 
v Cumulative growth ( April ~ July 13  ) now stood at ( -0.2% )
 
v Sector wise growth à Mining (-2.3%) , Manufacturing(3%) & Electricity (5.2%)
 
v It will be too early to consider a bottoming out of weak investment climate in India     

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