Wishing everyone a Very Happy Diwali... sharing a few charts based on the analysis of latest IIP numbers to encourage everyone to celebrate Diwali while following all the Covid precautions so that the economic recovery that is on can be sustained... 1/5
Of 407 total items in the IIP basket, 279 recorded better growth in Sep-20 (i.e. acceleration) as compared to the Aug-20. This number was 207/407 for Aug-20. 2/5
The disaggregated data show broad-based recovery with both consumption (as seen in growth in consumer goods at 3.5%) & investment (shrinkage of only 0.6% as against 12.9% and 5.7% shrinkage in Jul and Aug) showing encouraging signs 3/5
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