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Industrious days ahead: IIP data to come out today

The IIP data remains a crucial component in measuring GDP

Indivjal Dhasmana 

Industrious days ahead: IIP data to come today
IIP Data

There is widespread expectation that the economy would pick up in the second quarter (Q2) of the current financial year (FY2017-18), compared to the previous three months when gross domestic product (GDP) grew 5.7% — the lowest so far in the Narendra Modi government’s tenure.

The Index of (IIP), which accounts for roughly one-fourth of industrial sector data in — the rest constituted by corporate results — presents a case in point till August. The for September will be released on Friday; it remains a crucial component in measuring — the Q2 numbers for which will be released by this month end. Oil the wheels of change * Manufacturing production rose 3.1% in August, against contraction of 0.2% in July * Electricity generation grows 8.3%, against rise of 6.6% in July * Mining output goes up 9.4%, compared to 4.5% rise in July MACRO PICTURE: SHIFTING GEARS % change in Index of year-on-year graph

First Published: Fri, November 10 2017. 00:51 IST
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