India Inc has released IIP numbers on friday that are disappointing and many experts think that Economy may required stimulus to boost the growth that is already cooling off due to policies and Global uncertainties. If we see the comparison of IIP numbers MoM basis, Then since last year, we will see the trend is fluctuating not deteriorating. See the chart here ( Source : CSO ). One should notice that growth is not picking up and doesn't conclude that it started declining as general index is still at 186.4 which is just close to 11 month high.

As many news headlines has shown the picture in a different ( negative ) way and put it as a big question mark about Indian Growth story. The figures are maintaining little below of 11 month high. Although it is less than March 2011 but the trend is not negative. Stocks should not get punished based on IIP numbers data, but global factors like Europe and US will decide next course of the markets.

See below Table for comparison.

	General	Mining	Mfg	Electricity
Mar-12	186.4	149.3	197.1	158.6
Feb-12	174.9	134.8	186.5	145.1
Jan-12	187.9	137.2	202.4	151.1
Dec-11	178.8	136.2	190.7	149.8
Nov-11	167.4	127.6	177.8	145.6
Oct-11	158.1	120.9	165.9	152.1
Sep-11	163.2	111	175.7	144.1
Aug-11	162.4	117.6	172.6	149.4
Jul-11	166.6	126.7	176	152.1
Jun-11	170.3	126	182.1	144.3
May-11	165.3	130.4	173.4	153.3
Apr-11	167.8	129.1	178	146