Fall in consumer and capital goods production is the reason; Jan IIP revised to 3.3%
IIP had contracted 0.1% in December; April-Jan IIP at 0.6% vs 2.7% y-o-y
The IIP output was a revised -0.1% in December
Industrial output had fallen 0.4 per cent in December from a year earlier
Industrial production contracted to four-month low of 0.4 per cent in December
IIP had risen by 5.7% in November; April-Dec IIP at 0.3% vs 3.2% YoY
Centre has asked states to bring out monthly state IIP figures on 2011-12 base year
The sharp rise was due to low industrial numbers in November 2015
Growth was driven up by a surge in capital goods production
Sluggish manufacturing growth, subdued industrial demand pulls down growth prospects during
However, capital goods decline for 11th straight month; growth in consumer non-durables almost stagnant
However, good monsoon, early onset of festive season raise hope of revival in demand for consumer durables, as farm incomes rise
Analysts optimistic on improvement; June quarter performance of capital goods firms was encouraging
IIP has been a certifying body for packaging of export markets, it doesn't still have any say in packaging standards for domestic markets
Declining inflation softens an unexpectedly sharp fall in the IIP
While the capital goods segment in the Index of Industrial Production (IIP) contracted 18 per cent in the first quarter of the current financial year, new data from the Department of Industrial Policy and Promotion (DIPP) suggest that the investment climate in the country may be on the cusp of improving.According to DIPP data, complied by CARE, there has been 18.7 per cent increase in investment proposals in the first half of 2016 (January to June) over the previous year. In value terms though, the increase is a marginal 1.3 per cent. Taken together, the employment generation prospects of these proposals represent a 37 per cent increase over the corresponding period in the last year. The proposals include those filed under IEM (Industrial Entrepreneur Memorandum), LOI (Letter of intent) and DIL (Direct Industrial Licensing).Electronic equipment and textiles together account for nearly half of these investments, up from roughly a fourth last year. This could be construed to mean that t
This is so because non-oil, non-gold imports fell about 10 per cent in July against over one per cent the previous month
Push from electricity, mining, automobiles;capital goods continued to fall
June CPI was at 5.77% while May IIP was 1.2%
Manufacturing sector rises marginally by 0.7%; capital goods decline for seventh straight month