Reaction on Retail Inflation Data (CPI) and Index of Industrial Production (IIP) Data By Mr. Mohit Ralhan, TIW Capital
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Reaction on Retail Inflation Data (CPI) and Index of Industrial Production (IIP) Data By Mr. Mohit Ralhan, Chief Executive Officer – TIW Capita
Industrial activity grew at a robust 11.7% YoY in October driven by a solid 20.4% YoY growth in power output and 10.4% YoY growth in manufacturing activity. Within manufacturing segments like machinery & equipment, vehicles & trailers registered more than 20% YoY growth. While the October performance came on a comparably weak base, it presents a solid recovery compared to the previous month’s 5.8% YoY growth. The key positive takeaway was that manufacturing growth has become broad-based. The majority of industries witnessed positive growth. On use-based classification, capital goods growth came in at 22.6% YoY indicating the gathering momentum in investment activity. Construction growth came in at 11.8% YoY. Construction is a labor-intensive sector, and continued momentum will augur for rural consumption”.
Above views are of the author and not of the website kindly read disclaimer
