{"id":95,"date":"2016-04-13T17:04:52","date_gmt":"2016-04-13T11:34:52","guid":{"rendered":"https:\/\/www.indiaeconomyandbusiness.com\/is\/?p=95"},"modified":"2022-07-25T19:02:04","modified_gmt":"2022-07-25T13:32:04","slug":"iip-growth-industrial-production","status":"publish","type":"post","link":"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/","title":{"rendered":"IIP Growth &#8211; How good are the numbers..??"},"content":{"rendered":"<p style=\"text-align: justify;\">The data for IIP growth for Feb&#8217;16 show a smart recovery. The IIP growth rate has improved to 2.0% against three consecutive months of decline at an average pace of -2.0%. Which means it is a reversal of nearly 4%. While most of the gain has come \u00a0from mining and Electricity, manufacturing has also showed a modest growth of 0.7%.<\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\">Beyond the given numbers, an analysis of previous years of data show an interesting pattern and projection of the trend means less than desired growth in March&#8217;16. For five years\u00a0till 2015, the Feb Index has shown an average value of almost 4% lower than Jan figure and subsequently, shows a sharp increase of 10.7% in March over Feb. (Attached excel Sheet) While the reason for this trend is difficult to determine, it may be due to industries&#8217; practice to hold back a part of February production\/ inventory to take care of any discrepancy in figures before the final March closing.<\/p>\n<p style=\"text-align: justify;\"><a title=\"IIP data\" href=\"https:\/\/www.indiaeconomyandbusiness.com\/is\/wp-content\/uploads\/2016\/04\/iip-data1.xls\">IIP data<\/a><\/p>\n<p style=\"text-align: justify;\">However, for 2016, this decline is only marginal at 0.97%. While this could be due to increased confidence among the industries, it could also mean that the March production may not get the benefit of backlog from Feb. As a result, there may not be much increase in March&#8217;16 index, like the increase shown in March&#8217;15. This would mean lower\/ even negative growth in March&#8217;16 and consequently, lower annual IIP growth rate.<\/p>\n<p style=\"text-align: justify;\">However, this is not to undermine the efforts of all the segments of the industries and the government&#8217;s effort. And for sure, the economic is poised for better growth in the medium term&#8230;<\/p>\n<p>(Image courtesy of Suat Eman at FreeDigitalPhotos.net)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The data for IIP growth for Feb&#8217;16 show a smart recovery. The IIP growth rate has improved to 2.0% against three consecutive months of decline at an average pace of -2.0%. Which means it is a reversal of nearly 4%. While most of the gain has come \u00a0from mining and Electricity, manufacturing has also showed [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[858],"tags":[],"class_list":["post-95","post","type-post","status-publish","format-standard","hentry","category-industry","membership-content","access-restricted"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IIP Growth - How good are the numbers..?? - Indian Economy &amp; Business Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IIP Growth - How good are the numbers..?? - Indian Economy &amp; Business Analysis\" \/>\n<meta property=\"og:description\" content=\"The data for IIP growth for Feb&#8217;16 show a smart recovery. The IIP growth rate has improved to 2.0% against three consecutive months of decline at an average pace of -2.0%. Which means it is a reversal of nearly 4%. While most of the gain has come \u00a0from mining and Electricity, manufacturing has also showed [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/\" \/>\n<meta property=\"og:site_name\" content=\"Indian Economy &amp; Business Analysis\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Indiaeconomyandbusiness\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-13T11:34:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-25T13:32:04+00:00\" \/>\n<meta name=\"author\" content=\"Ashish Agrawal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AshishNischhal\" \/>\n<meta name=\"twitter:site\" content=\"@AshishNischhal\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ashish Agrawal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/\"},\"author\":{\"name\":\"Ashish Agrawal\",\"@id\":\"https:\/\/www.indiaeconomyandbusiness.com\/is\/#\/schema\/person\/b69a02a0716f0f34cee36e7e4ce6db45\"},\"headline\":\"IIP Growth &#8211; How good are the numbers..??\",\"datePublished\":\"2016-04-13T11:34:52+00:00\",\"dateModified\":\"2022-07-25T13:32:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/\"},\"wordCount\":277,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.indiaeconomyandbusiness.com\/is\/#organization\"},\"articleSection\":[\"Industry\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/\",\"url\":\"https:\/\/www.indiaeconomyandbusiness.com\/is\/iip-growth-industrial-production\/\",\"name\":\"IIP Growth - How good are the numbers..?? 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