April IIP data comes out at 7% vs 11.3% YoY. March IIP revises to 3.9% vs 3% earlier.
April Manufacturing growth came at 7.5% vs 12.4% YoY.
IIP data which is postive sign on numbers but it doesn't seems growth is moving up.
The demand for resources like coal and minerals surged and the sector grew by 8.6 per cent. Consumer goods also grew as Indian bought more television sets and household goods.
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