While India's headline retail inflation rate was unchanged at 5.09 percent in February, industrial growth in January decelerated to 3.8 percent.
The statistics ministry will release Consumer Price Index inflation for February and the Index of Industrial Production for January at 5:30 pm on March 12.
If growth holds robustly for the next two months, then it would be reasonable to assume that the broader economy, powered by consumer demand, is accelerating onto a faster track
For April-October 2023, industrial growth - as measured by the Index of Industrial Production - came in at 6.9 percent as against 5.3 percent in the first seven months of 2022-23
While headline retail inflation fell more than expected to 5.02 percent in September, industrial growth jumped to a 14-month high of 10.3 percent in August, data released on October 12 showed
The statistics ministry will release Consumer Price Index data for September and industrial production data for August later today on October 12 at 5:30 pm, with the latter expected to have surged to 9.1 percent
In April, industrial growth - as measured by the Index of Industrial Production - had come in at 4.5 percent.
Industrial growth as per the Index of Industrial Production had declined to a five-month low of 1.7 percent in March.
For 2022-23 as a whole, industrial production clocked a growth of 5.1 percent as against 11.4 percent in 2021-22.
In the first 11 months of 2022-23, industrial production clocked a growth of 5.5 percent as against 12.5 percent in the corresponding period of 2021-22
In the first 10 months of 2022-23, industrial production clocked a growth of 5.4 percent, down from 13.7 percent in the corresponding period of 2021-22.
For April-November 2022, India's industrial output is up 5.5 percent on a year-on-year basis, down from 7.1 percent in the first eight months of FY22.
The govt will release both retail inflation data for December and industrial production data for November at 5.30 pm on January 12
Industrial growth has been falling ever since it hit a one-year high of 19.7 percent in May on the back of a favourable base effect
Industrial growth has been plummeting ever since a favourable base effect propelled it to a one-year high of 19.6 percent in May
Our specially curated package of the most interesting articles to help you stay at the top of your game.
For April 2021-January 2022, industrial output has clocked a growth of 13.7 percent as against a contraction of 12.0 percent in the corresponding period of FY21.
The vice chairman and managing director of Kotak Mahindra Bank also said that it may look at a further reduction in MCLR.
According to the global financial services major Bank of America Merrill Lynch (BofA-ML), a further easing of 25 bps is likely as CPI inflation came in at a below-expected 4.8 percent for March, and February IIP grew an anemic 2 percent.
For fiscal 2014, IIP growth was estimated at -0.1% in contrast to industrial GDP at 5.3%. A similar pattern is expected to play out in fiscal 2015- IIP growth in the first three quarters of this fiscal is estimated at 2.1% as against industrial GDP growth of 5.6%. "Inflation on track despite base revision; No cheer for IIP", says CRISIL.
The below par performance of industrial output growth over two successive months indicates the fragility of India's industrial recovery. expects IIP growth to regain the momentum witnessed in the first quarter of FY15 as the year progresses, expects India Ratings.
IIP: India Ratings expects the manufacturing sector to grow at 5.3% in FY15 driven by growth in exports, budgetary support and a revival in investment activity.
CARE Ratings has come out with its report on RBI's annual report 2013-14. According to the rating agency there are signs of a pick-up in the economy. "GDP growth will range between 5.2-5.5% and a clear view will emerge when the impact of monsoon on kharif crop is obtained", says the report.
Emkay Global Financial Services has come out with its report on Industrial Production economy update. "RBI may decide to hike repo rate by 25bp if Fed decides to initiate tapering in its FOMC meet on Dec 17-18," says the research firm.
Emkay has come out with Industrial Production Economy update. The research firm believes that, there is a hardening bias to its policy rate view with another 25bps hike in repo rate in the upcoming policy announcement.