IIP outlook

Industrial growth generally moves in sync with the index of eight core industries, which have almost 38% weight in the Index of Industrial Production (IIP). The core sector grew at the rate of a muted 2.2 % in April 2012-13. However, IIP numbers will have the advantage of a low base of April 2011-12 (at 166 points), which has already been surpassed in March 2011-12 (186 points). Over the past few years, a sharp drop has been seen in core sector and IIP growth in April, compared to March. IIP data for April 2012-13 will be released on Tuesday (Click on graphic)