The Index of Industrial Production has really been the straw on the camel's back. A Capital goods sector degrowth of 25.5% can not even be explained by the volatility of the sector specific expense volatility month to month. ( Our traded eficit goes up and down by a few billion every month becasue of booking of Cap goods and the fuel bills every other month) The overall IIP degrowth is 5.1%, mininig sector degrowth 7.2% Electricity still growing 5.6% Consumber durable goods would have suffered the likely miniscule contraction after heavy festival buying

Posted via email from The India Investment Post