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Industrial production has been erratic
Feb 25, 2014

India's industrial production in the last 12 months has been erratic to say the least. While there were some months when growth was decent and fueled hopes of a recovery, these were followed by months of slump. This has been especially pronounced in recent months when industrial activity has declined on a YoY basis in the last quarter of 2013. Lack of reforms, projects getting stalled, policy paralysis of the current government has only made matters worse. The timing of an industrial activity is anybody's guess. But it does seem more and more likely that not much will happen before this year's general elections. Post that, it will be interesting to see what the new government chooses to do.

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