Gives realistic picture of the hit manufacturing took

The new IIP (Index of Industrial Production) data series released by the government last week better reflects the knock taken by the economy from the effect of demonetisation. Going by the new 2011-12 data series, monthly growth in industrial production ‘realistically’ slowed down post-demonetisation as against a recovery reflected by the 2004-05 data series.To compute the demonetisation impact,...