IIP expected to see muted growth in January, say economists

While citing the difficulty in ascertaining a wildly swinging industrial production data, economists suggest that industrial output in January may see a muted growth.

Industrial output had fallen 0.4 per cent in December from a year earlier, driven down by a contraction in consumer and capital goods production attributed to the demonetisation drive.

"It has become hard to predict the Index of Industrial Production (IIP) since the old series of data doesn't capture the full scale of the industrial sector in the country," Economist D K Joshi said.

However, while a small rise is expected owing to recovery in some