India’s IIP Contracts 1.9% in November 2020 As Against 4.2% Growth In October: Care Ratings
Finished wooden products at a factory. (Photographer Veejay Villafranca/Bloomberg)

India’s IIP Contracts 1.9% in November 2020 As Against 4.2% Growth In October: Care Ratings

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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 Report

After a successive improvement in the previous seven months, the industrial production based on Index of Industrial Production fell to a three month low registering a contraction by 1.9% in November 2020 as against the 4.2% growth in October 2020 and 1.8% growth in the same month of last year.

This is in line with the contraction witnessed in eight core sectors in November 2020 by 2.6%, which has nearly 40% weightage in the IIP.

This was against our expectation of 1.5% growth for the month.

Click on the attachment to read the full report:

Care Ratings IIP November 2020.pdf

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