Seasonally adjusted, industrial production grows nearly 24% month-on-month
All the components of the IIP - mining, manufacturing and electricity - saw contraction on a smaller magnitude as compared to the previous month
Quality of numbers could affect economic policy response
Subramanian also said that the Centre had gone beyond its means to support states, was keeping its options open regarding deficit monetisation, and that the new privatisation policy would be out soon
With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast
Experts warn much worse is yet to come with April seeing 20 days of lockdown versus March's one-week
The Index of Industrial Production was revised up for December to 0.07% growth, from a contraction of 0.3% in the provisional estimate
Retail inflation rose sharply to 7.35 per cent in December 2019.
The Index of Industrial Production (IIP) had grown by 0.2 per cent in November 2018
India's industrial production expanded in November after seeing three straight months of decline
The month-on-month decrease is more than twice that posted by India's industrial sector in the same month, at 4.3 per cent, according to IIP data released by the Central Statistics Office
For majority of the sectors, average risk weight (loan exposure of banks) has declined between March and September 2019
In fact, the gap between the two macro variables is likely to reach its highest level since the 2008 Lehman Brothers crisis
The factory output declined by 4.3% in September and 1.4% in August this year, while it grew at 4.9% in July
It may be hard to square data with the revival being forecast, but economic soothsayers may well be right when they predict 5.8% growth for Q2, 6.4% for Q3 and 7.2% for Q4, T N Ninan explains why
The GDP figure is an outcome of several months of downbeat figures -- from weak consumer demand and private investment to shrinking factory output and an export slump
On one hand, growth is slowing down, while on the other, inflation is inching up
Govt must not conceal how slowdown is impacting revenue
The data released on Monday shows that the Index of Industrial Production (IIP) fell by the highest margin since October 2011
September saw the slowdown in the manufacturing sector - which accounts for 78 per cent of the index