IIP Data Reveals Recovery In January

As per the latest data revealed today, India's industrial production has shown resilience in the month of January and logged 1.3% growth after hitting 10-month low in December last year. The partial revival is on the back of low base of the previous year.

IIP Data Reveals Recovery In January

The manufacturing sector posted growth in output after witnessing de-growth in the previous month, likewise, the mining activity also gained.

"After a fall for the past three consecutive months and hitting a ten-month low, the IIP data has finally edged up by 0.6% and reached to1.3%. India's eight core sectors grew by 3.7 percent year-on-year in January 2022 as against 4.1 percent in December 2021.

The manufacturing sector that makes up over three-fourths of the IIP showed signs of positivity along with Electricity generation and Intermediate goods. Also, on the other hand, the output for Capital goods and Consumer durables continued with their negative trajectory.

The Russia- Ukraine War has led to a sharp increase in the crude oil price and other commodities leading to its shortage. This situation would lead to global inflation accelerating further in the months to come." mentions Mr. Nish Bhatt, Founder & CEO, Millwood Kane International - an Investment consulting firm as his view on Jan 2022 IIP Data.