After weak GDP numbers, IIP grows 4.3% in July against 1.2% in June

Experts say too early to call it 'industrial recovery'

Industrial production may give the government some respite, bogged down by criticism over low gross domestic product (GDP) growth numbers for the first quarter of 2019-20 (FY20). The Index of Industrial Production (IIP) rose by 4.3 per cent in July, against 1.2 per cent in the previous month. 
 
However, consumer durables continued to print contraction in July. Within that category, commercial vehicles, auto parts, and television sets saw fall in dispatches to dealers, revealed the IIP numbers released by the Central Statistics Office on Thursday.
 
Economists however, cautioned against over-interpreting the data as a revival of industrial production.