Analysis of IIP growth in September

13 November 2019

Growth came in lower at -4.3% and this was witnessed across all sectors – mining, manufacturing and electricity. In terms of use based classification, growth was negative for both capital and consumer goods which is disappointing.

Going ahead, the low base effect and some recovery in demand in the months of November-Dec should help in pushing up the IIP growth. To achieve even 4% for the full year, growth has to be in the region of 6-6.5% in the next 6 months.