India's IIP growth slipped to a 7-month low of 3.1%YoY in Sep-21 with an adverse base and sequential contraction in activity both at play.
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Nov 12, 2021
Sep-21 IIP: Enters the slow lane
India’s IIP growth slipped to a 7-month low of 3.1%YoY in Sep-21 with an adverse base and sequential contraction in activity both at play. The month was a testimony to supply side disruptions weighing on production, with the downside thankfully getting capped by ahead of festive season led ramp up in consumer durables sector. Amidst a barrage of divergent data on leading indicators, how are we assessing the evolving growth situation in the economy? Read on to find out as we attempt to answer five questions telegraphed on every reader’s mind.