Why are IIP figures in the news?
There has been a lot of buzz surrounding the IIP figures released for August as it reported a 10.4% growth in industrial output, in comparison to a growth of 7.2% in July.
In fact, August has seen the highest industrial production growth in almost two years.
The consumer durable and capital good sectors, particularly, have contributed to this spurt. Many experts also see this as a response to the government's fiscal stimulus measures.
This may lead to GDP growth slightly higher than the estimated 6% for the current financial year.
There has been a lot of buzz surrounding the IIP figures released for August as it reported a 10.4% growth in industrial output, in comparison to a growth of 7.2% in July.
In fact, August has seen the highest industrial production growth in almost two years.
The consumer durable and capital good sectors, particularly, have contributed to this spurt. Many experts also see this as a response to the government's fiscal stimulus measures.
This may lead to GDP growth slightly higher than the estimated 6% for the current financial year.
