March 2014 IIP: Down 0.5% Ending a Lousy Year for Industrial Production

Comments Off Written on May 14th, 2014 by
Categories: IIP

India’s Index of Industrial Production (IIP) for March 2014 comes in at a dismal -0.5% which has been a sorry trend of the last three years.

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And sector wise, we’re seeing a slowdown in Mining and Manufacturing continue. Electricity, after a strong showing of over 11% in Feb, has moderated to only +5%.

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And if you like, here’s the use based indexes.

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Basic Goods and Consumer Non-Durables seem okay. But the data for Consumer Durables, Capital Goods and Intermediates looks like it’s getting worse every day.

Impact: Are you kidding me? There’s a new ruling party! Who cares about IIP?

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The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company. Deepak also provides data research and consulting services, and now lives in Bangalore. Connect with him at deepakshenoy@gmail.com.