View on IIP and CPI data - Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank

"The sharp contraction in the industrial production data and partial release of CPI inflation for select group suggesting surge in food inflation continues to reinforce the adverse impact of the COVID-19 on the economy both from the demand and supply side disruptions. While the data gaps will continue, we expect the policymakers' decisions to be more a function of near term risks facing the economy. With RBI having already announced several measures we expect the heavy lifting to be done now by the government through fiscal support for the needy sectors."

Source : Equity Bulls

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