India's IIP Growth Eased To 3.8% In January: CareEdge

CareEdge Research Report

India’s industrial production eased to 3.8% in January, following an upwardly revised growth of 4.2% in December. The growth has come lower than our projection of 4.2%. This can be attributed to the moderation in manufacturing output to 3.2% following 4.5% growth in the previous month.

However, this was partially offset by the improvement in output of the mining and electricity sectors.

Within the use-based classification, consumer goods segment showed a mixed picture. While the output of consumer durables increased sharply by 10.9% on the back of a favourable base, the non-durables output contracted signalling weakness in consumption.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.