In a nasty surprise, the index for industrial output (IIP) for the month of March came in at 2.1%, lower than street expectation of a number of around 2.80% and also lower compared to 5% in February. The cumulative growth for the period April-March 2014-15 over the corresponding period of the previous year stands at 2.8%.
The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2015 stood at 148.5, 209.3 and 176.4 respectively, with the corresponding growth rates of 0.9%, 2.2% and 2.0% as compared to March 2014.