Industrial production may grow at lower pace in February, economists say

IIP had grown at more than 7 per cent for the third straight month till January

After growing at more than 7 per cent for the third straight month up to January, industrial growth may slow down in February, experts say.

The Index of Industrial Production (IIP) had risen by 7.5 per cent in January, up from the 7.1 per cent growth seen in December. This had led economists to predict that economic revival had gained ground as the effects of demonetisation and the goods and services tax (GST) finally dissipated. But the lack of a broad based growth as well as the possibility of a slower rise in non-oil, non-gold imports may restrict growth, they say.

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