Some green shoots, but will they hold up?
The uptick in March 2017 is partly due to the recovery on the back of remonetisation
A host of economic data released over the last month provides some closure to FY2017 and offers clues regarding what lies in store for the new fiscal.The April 2017 data calendar kicked off on a subdued note, with the Index of Industrial Production (IIP), which is released with a six-week lag, contracting by 1.2 per cent in year-on-year (YoY) terms in February 2017.However, several volume-based in...
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