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New GDP series needs time but IIP has limitations too: Indian Chief Statistician
Mon, Jun 20, 2016
With the discrepancy noticed between GDP rising at 7.9% and Indian Industrial Production (IIP) showing only 0.8%, caused many to question if GDP is a ‘satisfactory’ measure of growth.
Industrial output slumps fourth time in 6 months; April IIP down 0.8%
Sat, Jun 11, 2016
Industrial output in the country has shrunk for the fourth time in the November 2015 - April 2016 six-month period. In April, the country's Index of Industrial Production (IIP) stood at (-) 0.8%.
What recovery? Factory output plunged to 0.1% in March
Thu, May 12, 2016
The manufacturing sector, which accounts for over 75 per cent of the index, declined by 1.2 per cent in March against a growth of 2.7 per cent in same month a year ago. The sector has not done well in 2015-16 as it grew at meager rate of 2 per cent compared to 2.3 per cent in previous year.