Reaction to IIP numbers - Mr. Harsh Pati Singhania

Mr. Harsh Pati Singhania, President, International Chamber of Commerce, India & Director, JK Organisation has given his view on the recent IIP numbers.

He said "October IIP numbers are a pleasant surprise especially in manufacturing but one has to wait and see if this can be sustained. On the face of it the figures suggest "bottoming out" of the slow-down but one is not sure if this is true. While there may be growth, margins still remain squeezed. It is also an opportunity for the Government to continue with reform measures that will help in boosting business confidence and bring back investment."

Source : Equity Bulls

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