India’s industrial production growth moderated to 3.8% YoY in Jan-24 from 4.2% in Dec-23
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Mar 13, 2024
QuantEco Research || Jan-24 IIP - Mixed signals
India’s industrial production growth moderated to 3.8% YoY in Jan-24 from 4.2% in Dec-23. Notwithstanding the deceleration in headline IIP, the overall signals continue to remain mixed with respect to the drivers and breadth of industrial activity. Going forward, headwinds from monetary policy and regulatory tightening would likely get offset by continued prioritization of public capex, likelihood of a normal monsoon, and steady global growth outlook (notwithstanding geopolitical risks).