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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”.

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