Comments on IIP numbers - Harsh Pati Singhania

Comments by Shri Harsh Pati Singhania, Director JK Organisation & MD JK Paper on Recent IIP numbers:

"Recent IIP numbers seem encouraging. This is particularly so when looked at in the context of a somewhat softer interest rate regime that we are seeing now vis-à-vis earlier months. However, it is early to draw any definite conclusions that too based on just one month.

It is hoped that with inflation likely to moderate in the coming months, the forthcoming RBI policy will provide an enabling business climate for investment that is necessary for reviving manufacturing and overall economic growth."

Source : Equity Bulls

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