Part of that can be explained to longer monsoon and early onset of winter (remember chill during Diwali days), but, still 12% fall on country-wise basis and 17% and 15% fall in Western and Southern regions is definitely disturbing and indicates worst fears of slow down in the economy. And a further lead indicator is IIP numbers which are way in the negative zones for 2/3 months. And that it will reflect in the falling GDP numbers also even for the third quarter unless there is a very sharp recovery in Nov and Dec 2019.
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Part of that can be explained to longer monsoon and early onset of winter (remember chill during Diwali days), but, still 12% fall on country-wise basis and 17% and 15% fall in Western and Southern regions is definitely disturbing and indicates worst fears of slow down in the economy. And a further lead indicator is IIP numbers which are way in the negative zones for 2/3 months. And that it will reflect in the falling GDP numbers also even for the third quarter unless there is a very sharp recovery in Nov and Dec 2019.