Lower IIP likely due to fall in core sector data: DK Pant, India Ratings
  • WebDesk BTVI
  • Aug 01 2019

As India’s Q1 fiscal deficit stands at 61%, DK Pant, Chief Economist at India Ratings, says that the core sector numbers reflect the market mood which is experiencing slowdown in terms of consumption and credit. He says out of the eight core sectors, only electricity saw a rise, and adds that electricity alone can’t lead to core sector growth. Claiming, economy staring at lower IIP due to fall in core sector data, he says there is need for industrial spending to fire for rise in IIP.