Views on IIP - Rajani Sinha, Chief Economist, CareEdge

Growth in India’s industrial output accelerated to 3.8% in December improving from an eight-month low of 2.4% in November. Encouraging sequential growth across the mining, manufacturing and electricity sectors has supported growth during the month despite an unfavourable base. The positive aspect was the improvement seen in manufacturing output which grew by 3.9% in December following a muted growth of 1.2% last month. The other noteworthy aspect was the rebound seen in consumer durables and non-durables output which grew by 4.8% and 2.1%, respectively. However, the sustenance of this trend remains critical for industrial activity in the coming months.