August IIP Rises 0.6% Vs 2.1% Estimate
  • Ekta Tibrewal
  • Oct 12 2013

October 11: August industrial production data came in at a much lower than expected 0.6% today. August manufacturing output was at -0.1% versus 2.4% (YoY), while the electricity sector output was at 7.2% versus 1.9% (YoY). July IIP data was also revised to 2.75% from 2.6%. SBI’s Brinda Jagirdar reviews the data and tells us what it means for the Indian economy.