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IIP May Witness Lockdown Effect
Mail Today
|June 8, 2020
After a record fall in index of industrial production (IIP) by 16.7 per cent year-on-year in March 2020, the IIP for April is bound to fall a lot more drastically, says Care Ratings.
India’s nationwide lockdown lasted throughout April 2020 and has led to massive retrenchment and loss of output. One of the leading indicators of the impact of month long lockdown in April 2020 on industrial activities would be survey based purchasing managers’ index (PMI) for manufacturing released by IHS Markit that provides future insights in the business activities.
This story is from the June 8, 2020 edition of Mail Today.
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