After November revival, IIP growth may have stayed high in December

IIP, after slowing for two months, bounced back in November, signalling that industrial revival was back on track

After rising by a 17-month high of 8.4 per cent in November, growth in the Index of Industrial Production (IIP) could stay high in December as well, say two items of analysis. 

An analysis of lead indicators by ratings agency ICRA says IIP growth might be above eight per cent in December. An analysis by SBI Research says industrial production might rise robustly in December but come down to a little over six per cent, before cooling to a little over four per cent in January. “We believe the economy is now in gradual recovery. The 8.4 per cent IIP growth