• The IIP registered a growth of 13.5% for the month of March’10. The same index registered a growth of 2.3% y-o-y in Mar’09 and a growth of 15.1% in the month of Feb’10
  • The IIP figure once again registered a growth below the street expectation of 15.1%, weighed down by a partial withdrawal of stimulus measures ad a rate-hike. But still, the IIP figure has registered a double digit growth for the sixth consecutive month driven by low base year effect and astounding performance of the manufacturing sector
  • The central bank is not expected to tighten the monetary policy so soon as it is going to wait for further cues on inflationary pressures and demand in the economy. The overall economic situation in the coming days will give a further insight and help both the government and the RBI to take the appropriate decision on the interest-rate hike
  • The mining sector leaped ahead with a big jump from 0.4% in Mar’09 to 11.0% in Mar’10 on a yoy basis while the electricity sector showed improvement from 6.3% to 7.7% in Mar’10. The mining and the electricity sector showed a growth of 12.2% and 6.7% in the last month respectively
  • The manufacturing sector grew by 14.3% y-o-y compared to -3.3% in Mar’09 y-o-y. It has been in an uptrend since few months and has also been one of the factors in helping the IIP soar. It registered a growth of 16.0% in the last month
  • In the use-based category the basic goods, capital goods and the intermediate goods sector registered a growth of 10.1%, 27.4% and12.7% y-o-y respectively compared to 1.4%, -8.2% and -4.4% y-o-y respectively in Mar’09. These sectors have performed moderately on a mom basis except the capital goods sector which reduced by almost 50%
  • The consumer goods sector has one again given a good performance registering a growth of 10.6% yo- y compared to its growth by -0.8% in Mar’09 y-o-y. The sector’s growth got injected by a boost in the consumer durables segment which grew by 32.0% y-o-y, a huge increase from 8.3% in Mar’09 y-o-y. The consumer non-durable goods too performed well registering a growth of 3.3% compared to a growth of -3.6% in Mar’09

    • Related posts:

    1. IIP Data: October 2009 -Index for Industrial production
    2. IIP Data: November 2009 -Index for Industrial production
    3. IIP Data for January 2010