BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
CARE Ratings Research Report
Industrial production grew by 11.9% in August 2021, slightly higher than 11.5% YoY growth in July 2021.
The double-digit annualised growth during the month is on expected lines due to favourable base support of last year (our forecast was at 11.5% for August-21).
Reversing the trend of previous two months, sequential momentum in index of industrial production receded by 0.2% month-on-month in August-21.
A comparison with 2019 numbers suggests that industrial activities have reached the pre-pandemic levels with IIP growth higher by 3.9% in August-21.
This is reflective of a gradual pick-up in industrial activities with easing of restrictions across key states.
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