India's industrial production grew at 4.4% in April versus 7.3% in March as per old series. As per the new series, the IIP grew at 6.3% in April.
Overall, consumer goods also saw the growth rate slow to 5.9% in April from 11.9% in the same month last year, as per old series. Capital goods registered a growth of 14.5% and overall consumer goods were up by 2.9% in April as per the series with a base year of 2004-05. MS Unnikrishnan, MD, Thermax citing his views on the IIP said, that there is a visible retardation in the finalisation of orders though the executions of orders are continuing. The medium sectors comprising of industrial non-power infrastructure related like the capacity building for cement, steel are going to show a lower number towards FY12. On the other hand, Venugopal Dhoot, CMD, Videocon said that though the IIP indicates that the consumer durables goods number has grown very slowly in the month of April he he does not see demand for consumer durables declining. Also Read: StanChart, JPMorgan predict 25 bps rate hike post IIP nos Below is the verbatim transcript of their interview with Latha Venkatesh and Sonia Shenoy of CNBC-TV18. Also watch the accompanying videos. Q: What at the ground level is the feeling you are getting in capital goods? If you looked at the index numbers and these are volatile numbers - it seems to have done extremely well in March and in April itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
