India’s IIP Contracted To A Six-Month Low Of 3.6% In February: CARE Ratings  
An employee works on a water pump at a hydraulic table inside the Grundfos AS factory in Chennai, India. (Photographer Dhiraj Singh/Bloomberg)

India’s IIP Contracted To A Six-Month Low Of 3.6% In February: CARE Ratings  


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 contracted to a six-month low of 3.6% in February 2021, though better than our estimate of 5.7% during the month.

The steep decline in industrial production has been broad-based and has come on the back of a high base effect (growth of 5.2% in February 2020).

After recording marginal uptick in September and October 2020, the de-growth in industrial production continues for the fourth consecutive month.

There has been an upward revision in the IIP growth of November 2020 to down 1.6% (earlier: down 2.1%) and January 2021 to down 0.9% (earlier estimate: down 1.6%).

Click on the attachment to read the full report:

CARE Ratings IIP February 2021.pdf


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