Comments on IIP Data for February 2013 by Harsh Pati Singhania, Director JK Organisation

"While IIP growth for February 2013 looks positive, it is chiefly driven by capital goods, which has been showing significant volatility. Segments like basic goods, intermediate goods, consumer durables, mining and electricity are still weak and have shown negative growth.

Given these trends and some moderation in inflation, as reflected in Consumer Price Index, it is hoped that RBI will continue to ease its monetary policy so as to nurture the growth momentum in the coming months / quarters."

Source : Equity Bulls

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