The calendar year 2021 commenced on a sombre note as far the benchmark for industrial activity in India is concerned. Annualized growth in the IIP....
Download Report
Mar 13, 2021
India Jan 21 - IIP: Room for recovery despite disappointment
Contrary to expectation of a mild expansion, India’s industrial activity contracted in Jan-21. Accompanying details on sectoral granularity, breadth of activity, and peer comparison provide disappointment. However, we would refrain from extrapolating this into the near term, and in fact continue to remain cautiously optimistic due to supporting macro and sectoral evidence of gradual recovery, ongoing vaccine rollout, budgeted spike in year-end government expenditure, and improvement in business sentiment. To get a detailed perspective and outlook, download our report.