November IIP contracts 0.1 per cent: What experts say
India's industrial production contracted 0.1 per cent in November, after growing at a robust 8.3 per cent in October, government data showed on Friday. Experts, Shubhashis Gangopadhyay, managing trustee of India Development Foundation, Jyotinder Kaur, economist at HDFC Bank, Rajiv Bajaj, MD of Bajaj Auto, Sushil K Maroo, director and group CFO of Jindal Steel and Power Ltd and Glenn Levine, senior economist at Moody's Analytics (Australia), decode the data and its implications for the economy. According to Dr C Rangarajan, Chairman of the Prime Minister's Economic Advisory Council, the output in November is a bit disappointing as a better pick-up was expected.
