IIP numbers show long-term decline in capital goods production

Manas Chakravarty • April 15, 2024 / 10:58 IST

The sub-index of capital goods production in February 2024 was not only lower than in February 2019, but 10.6 percent lower than its level in February 2018

Capital goods production will pick up as the limits of capacity utilisation are reached, but the government data indicate that hasn’t happened yet

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