Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

IIP for Dec 2011 Up 1.8%

10 Feb 2012Deepak Shenoy1 min read

Quick Facts

What is "IIP for Dec 2011 Up 1.8%" about?
What category is this article in?: Economy
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 10 February 2012.
How long does this article take to read?: 1 min read
What topics does this article cover?: Charts, IIP

India’s Index of Industrial Production (IIP) for December has been released. The index is up 1.8% over last year.

This should end a dismal year in for manufacturing, and we might see activity pick up in Jan. This data, though, is horrendously unreliable, and revisions come often. The IIP for December, given the dismal financial results, should have been even lower and I suppose it will be corrected soon.

In a different way, use based indexes give us a picture:

All the positive action is in Consumer goods and non-durables.