India IIP Report (January 2012)

Growth on Consumer staples (nin durable ) shot to an aberrant 42% fuelled by growth in some categories of groceries like Vanaspati while the most dangerous degrowth was led by electricity at 3.5% and Capital Goods at -1.5% from 10.7% and 6% respectively. However it is doubtful if this can be treated a s a wash out as NSSO and PMEAC expected a rebound in the quarter and this statistical compariosson may improve by next month. 

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