Monday, June 11, 2012

After GDP, April IIP shocks: Flat at 0.1% . Share Market Down

Rohit Dhyani: After Q4 GDP, India’s index of industrial output (IIP), the key measure of industrial output, shocked with a flat growth of 0.1 per cent in April 2012 from the same period in the past fiscal. This is against an expectation of 1.7 per cent. The industrial output fell 3.5 per cent in March 2012.