New IIP series will be used to estimate growth in industrial sector while new WPI series will be used as the deflator for the economic data to be released Wednesday. Photo: Ramesh Pathania/MintThe latest data on economic output will be released by the government on Wednesday. First, the numbers for the January-March quarter will give us a good idea whether domestic demand has recovered from the demonetisation shock. Second, the official statisticians will be using the new industrial production index to estimate growth in the industrial sector while they will be using the new wholesale price index as the deflator. The rise in share prices is being driven by a strong flow of liquidity—especially domestic liquidity—but the rally can be sustained only if strong economic growth lifts corporate earnings.

Source: Mint May 28, 2017 18:00 UTC