 "CEA foresees V-shaped recovery in industrial production going ahead")
Chief economic advisor Krishnamurthy Subramanian has said that V-shaped recovery of economic activity continued in October, with 243 out of 407 items in the basket of the index of industrial production (IIP) growing in the month.
"In contrast, 217 items grew on average in the pre-covid period (April 2012 to February 2020)," he tweeted.
The corresponding number of items for September and April 2020 were 196 and 28, respectively, he pointed out.
Also, 170 items in IIP recorded a growth of more than 10 per cent in October, while 107 items did so in January this year, he said, adding this foretells a strong and robust recovery. IIP grew by an eight-month high of 3.6 per cent in October .
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%