Just In: February IIP stood at 2% against -1.5% in January

In a pleasant surprise, India’s annual industrial output growth, measured by index of industrial production (IIP) came at 2 percent in February compared to -1.5 percent in previous month. The cumulative growth for the period April-February 2015-16 over the corresponding period of the previous year stood at 2.6 percent. As per the street expectation it was likely to come at 1.5 percent