New Delhi, Oct 12: Disappointed with the factory output growth of 4.1 per cent in August, Finance Minister Pranab Mukherjee today said it may impact India’s second (July-September) quarter GDP.
“It (IIP) is not encouraging. It is a bit disappointing and it may affect the GDP of second quarter,” he told reporters here.
The factory output, as measured by the Index of Industrial production (IIP), was 4.1 per cent in August, lower than 4.5 per cent in the same month last year.
Mukherjee, however, declined to comment on the extent to which the subdued IIP numbers will impact the economic growth during the July-September quarter (Q2) of this fiscal.
From: http://ping.fm/6mJSd
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