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Undated handout photo of India's Reliance Industries KG-D6's facility
IIP: No signs of a bottom
The data on industrial production, despite its volatility, seem to suggest the growth-inflation dynamic has reached a critical point from where a rate cut is inevitable. The index of industrial production (IIP) expanded 4.1 per cent year-on-year in February and 2.4 per cent month-on-month in seasonally-adjusted terms. However, the January figure was revised to 1.1 per cent, from 6.8 per cent reported