India Industrial Production – Trends Stay Robust, Up 15.1% in Feb. 2010

Following the 16.7% growth last month, industrial production continued to post robust trends, up 15.1%YoY in Feb, but marginally below expectations (Citi: 15.8%; Consensus: 16%). On a MoM seasonally adjusted basis, production was down 0.3% v/s +0.3% the previous month. Similar to past trends, the double-digit growth is on the back of a low base effect, stimulus measures which have resulted in...