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