March IIP numbers disappointing, says experts
India's factory output fell 3.5 per cent in March 2012, against growth expectations of 1.6 per cent. The industrial production numbers in February grew at 4.1 per cent. Speaking to NDTV Profit, Indranil Pan, Chief Economist, Kotak Mahindra Bank, said that March IIP numbers came far worse than expected because the policy space for lifting growth is very limited. Other experts too feel that the numbers were disappointing and expect them to get better.
