Explained | Q2 GDP: Does manufacturing data flatter to deceive?

One of the most crucial input data points used in GDP and GVA calculations is the Index of Industrial Production (IIP). IIP contracted by 10.4 per cent in July year-on-year, by 8 per cent in August and expanded by 0.2 per cent in September. So, in a quarter where IIP contracted during two months and barely rose in month, manufacturing GVA showed positive growth.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/explained-|-q2-gdp-does-manufacturing-data-flatter-to-deceive_14542761.html
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