Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

IIP up 7.3% for March 2011

12 May 2011Deepak Shenoy1 min read

Quick Facts

What is "IIP up 7.3% for March 2011" about?
What category is this article in?: Economy
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 12 May 2011.
How long does this article take to read?: 1 min read
What topics does this article cover?: Charts, IIP

Big IIP move today, coming in at 7.33%. Again, highly unreliable data so it’s not something you should take action on. The past revisions have also been minor (just 0.2 to 0.3 on the index levels) which is not newsworthy.

![IIP March 2011](https://lh4.googleusercontent.com/_cwHfePkadc4/TcuDzd1798I/AAAAAAAABhY/i0s7u1zjJdU/IIP March.png)

Mining came in at 0.21%, the lowest since Feb 2009. Manufacturing was strong at 7.90%, the highest since October 2010 (which was Diwali, btw). Manufacturing is around 80% of the index, so it determines IIP for the most part.

![IIP Mining](https://lh4.googleusercontent.com/_cwHfePkadc4/TcuDyqJiOaI/AAAAAAAABhQ/XUhET5pEiLc/IIP Mining.png)

Electricity, the third player that completes the space, is up 7.19%. Electricity is about 10% of the index.

![IIP Electricity](https://lh5.googleusercontent.com/_cwHfePkadc4/TcuDyVa4QhI/AAAAAAAABhM/uuLCjmujo1Q/IIP Electricity.png)

For the whole year, the growth came in at 7.8%. This is highly strange for a country that has, in nominal terms, grown 20%. I’m not sure if I should even trust this data enough to jump to conclusions, at least not for trading!

Would you like to see a better mapping of this data to see where growth was strong and such? I could create that as a treemap or that kind of visualization.