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Industrial production growth declines to three-month low of 3.7% in June With poor showing by the manufacturing sector, India’s industrial production growth measured in terms of the Index of Industrial Production (IIP) declined to a three-month low of 3.7 per cent in June 2023. The factory output growth stood at 12.6 per cent in June 2022 on account of a lower base effect. The previous low of IIP was at 1.9 per cent in March 2023. Thereafter, it rose to 4.5 per cent in April and further to 5.3 per cent in May. For the month of June 2023, the Quick Estimates ...
Industrial production growth declines to three-month low of 3.7% in June
Industrial production growth declines to three-month low of 3.7% in June
Source: Accord Fintech
14/08/2023 10:07:04 AM
IIP growth falls to 3.7% in June The index of industrial production (IIP) in India fell to 3.7 per cent in June from the three-month high of 5.2 per cent in May 2023 mainly due to poor rise in manufacturing output, which rose by 3 per cent compared to 5.8 per cent in May, as per government data. According to data released by the Ministry of Statistics and Programme Implementation on Friday, in April, the IIP stood at 4.2 per cent. India's IIP had declined to its lowest level in five months at 1.1 per cent in March....
IIP growth falls to 3.7% in June
IIP growth falls to 3.7% in June
Source: IANS
12/08/2023 9:01:53 AM
Perspective on RBI MPC Data By Mr. Mohit Ralhan , TIW Capital Below the perspective of Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital on the RBI MPC Data. "As expected, the RBI decided to keep the policy rate unchanged while adopting a hawkish tone. The MPC decided to look through higher CPI readings in June. It was mainly because of higher vegetable prices, which the MPC expects to be temporary. It revised the inflation projection for this year to 5.4% from 5.1% earlier. This is because of a 100 bps and 30 bps upward revision in Q2...
Perspective on RBI MPC Data By Mr. Mohit Ralhan , TIW Capital
Perspective on RBI MPC Data By Mr. Mohit Ralhan , TIW Capital
Source: PR Agency
10/08/2023 1:53:29 PM
Output of eight core industries expands at five-month high of 8.2% in June 2023 The output of eight core industries expanded at a five-month high of 8.2 per cent in June 2023 on healthy performance by sectors such as natural gas and steel. However, production growth was slower than 13.1 per cent recorded in June 2022. Core sector growth in June is the highest since January 2023 when the key sectors expanded at 9.7 per cent. In May 2023, the growth rate was 5 per cent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement ...
Output of eight core industries expands at five-month high of 8.2% in June 2023
Output of eight core industries expands at five-month high of 8.2% in June 2023
Source: Accord Fintech
1/08/2023 9:39:05 AM
India`s industrial production rises to 5.2% in May India’s industrial production growth measured in terms of the Index of Industrial Production (IIP) rose to 5.2 per cent in May, mainly due to good performance by the manufacturing and mining sectors.  The latest industrial growth figure is higher than that for April, when it had come in at 4.5 per cent. The factory output stood at 19.7 per cent in May 2022. For the month of May 2023, the Quick Estimates of IIP with base 2011-12 stood at 145.0.  As per the data released by t...
India`s industrial production rises to 5.2% in May
India`s industrial production rises to 5.2% in May
Source: Accord Fintech
13/07/2023 10:24:19 AM
Output of eight core industries grows by 4.3% in May 2023 The output of eight core industries grew 4.3 per cent year-on-year in May 2023, the same rate as in the previous month, but much slower compared with 19.3 per cent in the year-ago period. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Coal production, having 10.33 per cent weight increased by 7.2 per cent in May, 2023...
Output of eight core industries grows by 4.3% in May 2023
Output of eight core industries grows by 4.3% in May 2023
Source: Accord Fintech
3/07/2023 11:28:53 AM
India's retail inflation eases to 4.25% in May (June 12) India's annual retail inflation cooled to a more than two-year low of 4.25% in May as cost pressures on food eased, government data showed on Monday. A Reuters poll of 45 economists had predicted the consumer price index would rise 4.42% in May from a year earlier. COMMENTARY: MADAN SABNAVIS, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI "Rural and urban inflation (were) almost the same which is quite unusual. States had a differential picture. Inflation in Bihar, Jharkhand, Ke...
India's retail inflation eases to 4.25% in May (June 12)
India's retail inflation eases to 4.25% in May (June 12)
Source: Reuters
13/06/2023 2:16:48 PM
CPI IIP Announcement: The good news on inflation was further accentuated by an increase in IIP to 4.2% in April Says Mr. Mohit Ralhan, TIW Capital Below Perspective on CPI IIP Announcement By Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital “At 4.25%, inflation continued to remain on a downward trajectory, reaching a 25-month low, driven by the decline in consumer food price inflation from 3.8% in April to 2.9% in May. A decline in oils & fats, vegetables, meat & fish prices more than offset any increase from cereals and spices. Fuel inflation also declined from 5.5% to 4.6% YoY. However, the core c...
CPI IIP Announcement: The good news on inflation was further accentuated by an increase in IIP to 4.2% in April Says Mr. Mohit Ralhan, TIW Capital
CPI IIP Announcement: The good news on inflation was further accentuated by an increase in IIP to 4.2% in April Says Mr. Mohit Ralhan, TIW Capital
Source: PR Agency
13/06/2023 11:13:06 AM
On the industrial production front, it is better than expected at 4.2%, most components contributed to it Says Mr. Nish Bhatt, Founder & CEO, Millwood Kane International Perspective On CPI & IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International  “The slew of positive developments continues for India. After a robust growth rate, status-quo of the MPC. We now have the retail inflation cooling to a 25-month low. Food and fuel price inflation cooling has primarily led to a fall in the headline figure. The core inflation too cooled off to a 5% level.   On the industrial production front, it is b...
On the industrial production front, it is better than expected at 4.2%, most components contributed to it Says Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
On the industrial production front, it is better than expected at 4.2%, most components contributed to it Says Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Source: PR Agency
12/06/2023 8:02:11 PM
Headline CPI at 25-month low in May 2023 Says Mr. Nikhil Gupta, Motilal Oswal Financial Services Perspective on IIP & CPI Data by Mr. Nikhil Gupta, Chief Economist, MOFSL Group Headline CPI at 25-month low in May'23 Headline CPI-inflation at just 4.3% YoY in May'23, in line with the BMBG consensus but slightly lower than our forecast (of 4.5%). Details suggest broad-based deceleration. It was largely driven by food and imported items. Imported deflation was 4.2% YoY and food inflation was 18-month low of 2.9% Core inflation was at 25-month low of 5.2% Yo...
Headline CPI at 25-month low in May 2023 Says Mr. Nikhil Gupta, Motilal Oswal Financial Services
Headline CPI at 25-month low in May 2023 Says Mr. Nikhil Gupta, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
12/06/2023 7:48:20 PM
Industrial production for April rises 4.2%  India's index of industrial production (IIP) rose by 4.2 per cent in April, significantly higher than that for March, when it had touched a five-month low of 1.1 per cent. That number has now been revised to 1.7 per cent. According to data released by the Ministry of Statistics and Programme Implementation on Monday, the IIP growth was 6.7 per cent in April 2022. Retail inflation for May 2023 fell to a 25-month low of 4.25 per cent as food prices fell.
Industrial production for April rises 4.2%
Industrial production for April rises 4.2%
Source: IANS
12/06/2023 6:45:31 PM
India`s industrial production growth slips to five-month low of 1.1% in March With poor performance of power and manufacturing sectors, India’s industrial production growth measured in terms of the Index of Industrial Production (IIP) slipped to five-month low of 1.1 per cent in March 2023 from 5.8 per cent in February 2023. The previous lowest level of growth was recorded in October 2022 at a contraction of 4.1 per cent. The factory output growth stood at 2.2 per cent in March 2022. For the month of March 2023, the Quick Estimates of Index of Industrial Producti...
India`s industrial production growth slips to five-month low of 1.1% in March
India`s industrial production growth slips to five-month low of 1.1% in March
Source: Accord Fintech
15/05/2023 9:43:10 AM
Perspective on CPI and IIP Data : Core inflation also continued on a downward trend By Mr. Mohit Ralhan, TIW Capital Below the Perspective on CPI and IIP Data by Mr Mohit Ralhan, CEO, TIW Capital    “The easing of inflation to 18 month low of 4.7% makes India one of the few major countries which have managed the inflation challenge effectively. The Consumer Food Price Index (CFPI) came in at 3.84% as vegetable, oil and meat and fish prices declined on a YoY basis. Core inflation also continued on a downward trend. This is now the second consecutive month that CPI has come in withi...
Perspective on CPI and IIP Data : Core inflation also continued on a downward trend By Mr. Mohit Ralhan, TIW Capital
Perspective on CPI and IIP Data : Core inflation also continued on a downward trend By Mr. Mohit Ralhan, TIW Capital
Source: TIW Capital
13/05/2023 9:52:40 AM
The CPI inflation at 4.7% is a big positive Says Mr. Nish Bhatt, Millwood Kane International Below is Perspective on CPI & IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International    “The CPI inflation at 4.7% is a big positive. After rising to levels of 6% and 7% for months, we finally witnessed a softness in retail inflation. We see a trend of softness in inflation with it being at 5% for March month and below the 5% mark for April. This was primarily due to a higher base and softness in food and core inflation.   ...
The CPI inflation at 4.7% is a big positive Says Mr. Nish Bhatt, Millwood Kane International
The CPI inflation at 4.7% is a big positive Says Mr. Nish Bhatt, Millwood Kane International
Source: Millwood Kane International
13/05/2023 9:30:20 AM
Quote on IIP and CPI Numbers; Softening of Industrial production growth in Mar 2023 is led by moderating growth in manufacturing output Says Mr. Vivek Rathi, Knight Frank India Below Quote on IIP and CPI Numbers By Mr. Vivek Rathi, Director Research, Knight Frank India   “Inflation moderated to sub 5% in April 2023 primarily supported by a high base and softening of vegetable prices and energy prices. When measured sequentially, the consumer inflation has inched up by 0.5%. Despite a relative moderation across the categories, the inflation levels are still elevated impacting the discretionary spending of the households.   The wh...
Quote on IIP and CPI Numbers; Softening of Industrial production growth in Mar 2023 is led by moderating growth in manufacturing output Says Mr. Vivek Rathi, Knight Frank India
Quote on IIP and CPI Numbers; Softening of Industrial production growth in Mar 2023 is led by moderating growth in manufacturing output Says Mr. Vivek Rathi, Knight Frank India
Source: Knight Frank
13/05/2023 9:21:43 AM
Output of eight core industries grows by 3.6% in March 2023 The output of eight core industries grew by 3.6 percent in March 2023, the slowest in the last five months. In the year-ago period, the core sectors had grown by 4.3 percent. The growth rate in March has halved as compared to the preceding month of February 2023, when it stood at 7.2 percent. The plunge in March was driven by a decline in the output of three key sectors - cement, electricity and crude oil. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizer...
Output of eight core industries grows by 3.6% in March 2023
Output of eight core industries grows by 3.6% in March 2023
Source: Accord Fintech
2/05/2023 11:44:45 AM
Core industries index rises 3.6% in March The combined index of eight core industries (ICI) increased by 3.6 per cent in March 2023 over the corresponding period of last year. The production of coal, fertilisers, steel, natural gas and refinery products increased in March 2023 over the corresponding month of last year. However at the same time output of cement, electricity, and crude oil declined during the period under review. ICI measures combined and individual performance of production of eight core industries namely coa...
Core industries index rises 3.6% in March
Core industries index rises 3.6% in March
Source: IANS
28/04/2023 5:52:17 PM
India's industrial output rose by 5.6% in February 2023  India's industrial output, which is measured by the index of industrial production (IIP), rose by 5.6 per cent in February, according to data released by the Ministry of Statistics and Programme Implementation on Wednesday. Between April 2022 and February 2023, industrial output registered a growth of 5.5 per cent. The January IIP growth was revised to 5.2 per cent. The official data showed that manufacturing sector's output rose by 5.3 per cent in February 2023, while min...
India's industrial output rose by 5.6% in February 2023
India's industrial output rose by 5.6% in February 2023
Source: IANS
13/04/2023 9:24:55 AM
Quote on IIP and CPI Numbers; Consumer headline inflation moderated to 5.7% in March 2023 Says Mr. Vivek Rathi, Knight Frank India Below Quote on IIP and CPI Numbers By Mr. Vivek Rathi, Director Research, Knight Frank India “Consumer headline inflation moderated to 5.7% in Mar’23 primarily supported by softening food prices, especially vegetables. Fuel inflation as well eased to 8.9%, however, with the recent surge of 15% in brent crude prices, following the crude oil production cut by the OPEC countries, the risks to increase in fuel prices remain on the upside.  However, the price press...
Quote on IIP and CPI Numbers; Consumer headline inflation moderated to 5.7% in March 2023 Says Mr. Vivek Rathi, Knight Frank India
Quote on IIP and CPI Numbers; Consumer headline inflation moderated to 5.7% in March 2023 Says Mr. Vivek Rathi, Knight Frank India
Source: Knight Frank
12/04/2023 6:55:59 PM
Inflation averaging 5.3% in FY24 and core undershooting headline to average around 5.1% Says Ms. Madhavi Arora, Emkay Global Financial Services Below Perspective on IIP and CPI numbers By Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services “The easing of headline and core inflation in near-expected lines, while positive, is still implying inflation average has overshot RBI's 4Q estimate.  However there has been a clear departure from the RBI's past guidance which was more anchored to domestic underlying inflation dynamics (which they in so far found unsettling) than the consistent policy r...
Inflation averaging 5.3% in FY24 and core undershooting headline to average around 5.1% Says Ms. Madhavi Arora, Emkay Global Financial Services
Inflation averaging 5.3% in FY24 and core undershooting headline to average around 5.1% Says Ms. Madhavi Arora, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
12/04/2023 6:50:19 PM
The CPI has slowed down to a 15-month low to 5.66% Says Mr. Nish Bhatt, Millwood Kane International Below is Perspective on CPI & IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International  “The CPI has slowed down to a 15-month low to 5.66%. This figure is below the RBI's target of keeping below the 6% mark. The data vindicates the RBI's estimate of inflation slowing down as we move ahead in the calendar year 2023. Food inflation, and vegetable prices slowing down helped the final figure in a big way. The core inflation too has falle...
The CPI has slowed down to a 15-month low to 5.66% Says Mr. Nish Bhatt, Millwood Kane International
The CPI has slowed down to a 15-month low to 5.66% Says Mr. Nish Bhatt, Millwood Kane International
Source: Millwood Kane International
12/04/2023 6:35:32 PM
India`s industrial production growth inches up to 5.2% in January In line with good performance of the power, mining and manufacturing sectors, India's industrial production growth perked up slightly to 5.2 per cent in January 2023 from 4.7 per cent in December 2022. There was an improvement on an annual as well as sequential basis. The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 2 per cent in January 2022. For the month of January 2023, the Quick Estimates of IIP with base 2011-12 stood at 146.5. For the...
India`s industrial production growth inches up to 5.2% in January
India`s industrial production growth inches up to 5.2% in January
Source: Accord Fintech
13/03/2023 9:47:52 AM
Positive momentum effect supports rise of industrial output to 5.2% in January India's industrial output or index of industrial production (IIP) went up by 5.2 per cent in January, according to data released on Friday by the Ministry of Statistics. It was 4.7 per cent in December 2022. For the April-January period of 2022-23, IIP growth was 5.4 per cent, down from 13.7 per cent recorded during the corresponding period of last year. The manufacturing output rose by 3.7 per cent in January 2023, up from 3.1 per cent in December 2022; electricity production was a...
Positive momentum effect supports rise of industrial output to 5.2% in January
Positive momentum effect supports rise of industrial output to 5.2% in January
Source: IANS
11/03/2023 9:13:30 AM
The 5.2% growth in IIP for the month of January has come slightly ahead of the estimates of 5.0% Says Mohit Ralhan, TIW Capital Below Perspective on IIP Data By Mohit Ralhan - Chief Executive Officer, TIW Capital “The 5.2% growth in IIP for the month of January has come slightly ahead of the estimates of 5.0%. The average since April-2022 has been 5.4% and therefore the January number has come quite close to the average. It is a significant improvement from the 4.3% number in December. The IIP growth in India has demonstrated and an average of 6.05% between 1994 and 2022 and from this perspective there i...
The 5.2% growth in IIP for the month of January has come slightly ahead of the estimates of 5.0% Says Mohit Ralhan, TIW Capital
The 5.2% growth in IIP for the month of January has come slightly ahead of the estimates of 5.0% Says Mohit Ralhan, TIW Capital
Source: PR Agency
10/03/2023 7:14:02 PM
Industrial output rises to 5.2% in January India's industrial output or index of industrial production (IIP) went up by 5.2 per cent in January, according to data released on Friday by the statistics ministry. It was 4.7 per cent in December 2022. For the April-January period of 2022-23, IIP growth was 5.4 per cent, down from 13.7 per cent recorded during the corresponding period of last year. The manufacturing output rose by 3.7 per cent in January 2023, up from 3.1 per cent in December 2022, electricity production was also...
Industrial output rises to 5.2% in January
Industrial output rises to 5.2% in January
Source: IANS
10/03/2023 7:09:13 PM
Combined Index of Eight Core Industries up by 7.8% in January 2023 The combined Index of Eight Core Industries (ICI) increased by 7.8 per cent (provisional) in January 2023 as compared to the Index of January 2022. The production of fertilisers, coal, electricity, steel, natural gas, cement and refinery products increased while production of crude oil declined in January 2023 over the corresponding month of last year, said the government data released on Tuesday. ICI measures combined and individual performance of production of eight core industries vi...
Combined Index of Eight Core Industries up by 7.8% in January 2023
Combined Index of Eight Core Industries up by 7.8% in January 2023
Source: IANS
1/03/2023 9:27:01 AM
The 4QFY23 inflation may now be possibly 50bps higher than RBI`s revised estimate Says Ms. Madhavi Arora, Emkay Global Financial Service Below is Perspective on CPI and IIP numbers By Ms. Madhavi Arora, Lead Economist - Emkay Global Financial Services “Today’s inflation shocker led by food as well as consistently higher core inflation momentum has depicted we are far from the ‘durable disinflation’ process. This upside inflation surprise comes after RBI revised down its 4QFY23 cpi Forecast by 20bps in the last MPC policy. This shows how uncertain the inflation trajectory can get, ...
The 4QFY23 inflation may now be possibly 50bps higher than RBI`s revised estimate Says Ms. Madhavi Arora, Emkay Global Financial Service
The 4QFY23 inflation may now be possibly 50bps higher than RBI`s revised estimate Says Ms. Madhavi Arora, Emkay Global Financial Service
Source: Emkay Global Financial Services Ltd
14/02/2023 3:47:24 PM
India`s industrial production growth slips to 4.3% in December With subdued performance of the manufacturing, India's industrial production growth slipped to 4.3 per cent in December from 7.3 per cent in November 2022. However, there was improvement on an annual basis as the factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 1 per cent in December 2021. For the month of December 2022, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stood at 144.7. In the nine months of the fiscal...
India`s industrial production growth slips to 4.3% in December
India`s industrial production growth slips to 4.3% in December
Source: Accord Fintech
13/02/2023 10:01:40 AM
IIP growth falls to 4.3% in December 2022 The index of industrial production (IIP) fell to 4.3 per cent in December 2022, according to a data released by the Ministry of Statistics on Friday. It was at 7.3 per cent in November 2022. The industrial growth in December 2021 was 1 per cent. According to the data, the manufacturing sector's output rose 2.6 per cent in December 2022. Among all the key sectors, the electricity sector showed maximum growth of 10.4 per cent, followed by mining at 9.8 per cent and manufacturing at...
IIP growth falls to 4.3% in December 2022
IIP growth falls to 4.3% in December 2022
Source: IANS
11/02/2023 1:28:41 PM
Quote on IIP: Softening in industrial production growth rate to 4.3% in December 2022 Says Vivek Rathi , Knight Frank India Below Quote on IIP Data By Mr. Vivek Rathi, Director Research, Knight Frank India. “Softening in industrial production growth rate to 4.3% in Dec 2022, is primarily emerging from softening in manufacturing sector output. Though, the indicators such as manufacturing PMI, capacity utilization etc. which gauge the performance of manufacturing sector, have been strong, the same quantum of strength is not witnessed in industrial production of manufacturing sector. Infrastructure/c...
Quote on IIP: Softening in industrial production growth rate to 4.3% in December 2022 Says Vivek Rathi , Knight Frank India
Quote on IIP: Softening in industrial production growth rate to 4.3% in December 2022 Says Vivek Rathi , Knight Frank India
Source: Knight Frank
11/02/2023 10:30:58 AM
It is a double delight as the January CPI inflation has stayed below the 6% Says Mr. Nish Bhatt, Millwood Kane International Below is Perspective on CPI & IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International “It is a double delight as the January CPI inflation has stayed below the 6% mark for two months in a row. The fall is largely due to the softness in the vegetables and food inflation. But the core inflation is a cause of concern as it has remained above the 6% mark. The effects of rising rates have started to reflect in the overall inflation data. The IIP on...
It is a double delight as the January CPI inflation has stayed below the 6% Says Mr. Nish Bhatt, Millwood Kane International
It is a double delight as the January CPI inflation has stayed below the 6% Says Mr. Nish Bhatt, Millwood Kane International
Source: Millwood Kane International
12/01/2023 7:31:16 PM
Perspective on IIP and CPI numbers : At 5.7%, consumer headline inflation continues to remain below 6% Says Mr. Vivek Rathi, Director-Research, Knight Frank India Below is Perspective on IIP numbers By Mr. Vivek Rathi, Director Research, Knight Frank India. At 5.7%, consumer headline inflation continues to remain below 6% for the second consecutive month. The softening inflation is emerging from broad based price decline in the food basket which has a weightage of 46% in the overall inflation. Barring food prices, the price pressures in the non-food category continues to persist. Despite a sharp drop in the global commodity prices and...
Perspective on IIP and CPI numbers : At 5.7%, consumer headline inflation continues to remain below 6% Says Mr. Vivek Rathi, Director-Research, Knight Frank India
Perspective on IIP and CPI numbers : At 5.7%, consumer headline inflation continues to remain below 6% Says Mr. Vivek Rathi, Director-Research, Knight Frank India
Source: Knight Frank
12/01/2023 7:20:46 PM
Indians' overseas financial assets fell $43.9 bn in July-September : RBI report Indian residents' overseas financial assets saw a fall by $43.9 billion during July-September 2022 period, owing mainly due to reduction in reserves assets, according to RBI's report on India's international investment position (IIP) for September 2022, released on Friday. The reduction in non-residents' financial assets in India though was relatively lesser at $9.6 billion. At the same time, an increase was seen in trade credit, currency and deposits as well as overseas...
Indians' overseas financial assets fell $43.9 bn in July-September : RBI report
Indians' overseas financial assets fell $43.9 bn in July-September : RBI report
Source: IANS
31/12/2022 10:01:53 AM
Output of 8 core industries rises 5.4% in November  The output of eight core industries rose by 5.4 per cent in November 2022 against 3.2 per cent in November 2021 as production of commodities like steel, cement, coal and ferlilisers as well as electricity increased compared to the corresponding period of last year. In November 2022, coal production with a weightage of 10.33 per cent, grew by 12.3 per cent over corresponding period. From April to November 2022, compared to the same period the year before, its cumulative index rose by ...
Output of 8 core industries rises 5.4% in November
Output of 8 core industries rises 5.4% in November
Source: IANS
31/12/2022 9:34:50 AM
Pace of improvement in corporate credit profiles likely to moderate amid global challenges: Ind-Ra Amid higher inflation, slowing exports and an improving but still weak domestic demand, India Ratings and Research (Ind-Ra) in its ‘Research and Ratings Compendium’ has said that the ratio of Upgrades/Downgrades is likely to moderate.  The agency expects the economic growth to slow down to 4.0% - 4.5% in 2HFY23 from 9.7% in 1HFY23. As per the report, the domestic economic activity from 2022 has been largely resilient to global macroeconomic headwinds. The economy has mostl...
Pace of improvement in corporate credit profiles likely to moderate amid global challenges: Ind-Ra
Pace of improvement in corporate credit profiles likely to moderate amid global challenges: Ind-Ra
Source: Accord Fintech
28/12/2022 2:59:22 PM
Weekly Market Analysis : The coming week is going to be critical as we have important events and data lined up Says Mr. Ajit Mishra, Religare Broking Below is Quote on Weekly Market Analysis 24 December 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Marketstook a breather after making a new record high and shed over a percent. The benchmark gradually inched lower amid mixed global cues however selling pressure in the IT majors put further pressure in the final session. Consequently, the benchmark indices, Sensex and Nifty, settled at 62,181.67 and 18,496.60 levels. Most sectors traded in tandem with the...
Weekly Market Analysis : The coming week is going to be critical as we have important events and data lined up Says Mr. Ajit Mishra, Religare Broking
Weekly Market Analysis : The coming week is going to be critical as we have important events and data lined up Says Mr. Ajit Mishra, Religare Broking
Source: Religare Broking Ltd
24/12/2022 5:54:04 PM
The primary aim behind issuing these bonds is to make them a substitute for investing in physical gold Says Mr. Nish Bhatt, Millwood Kane International Below is Perspective on CPI & IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International “The price for the third tranche of SGB (2022-23) is fixed at Rs 5409/gm. The primary aim behind issuing these bonds is to make them a substitute for investing in physical gold. Meeting demand for physical gold leads to imports, putting pressure on the currency. SGB is an effective alternative to physical gold, it a paper gold. Any investor can invest in gold, w...
The primary aim behind issuing these bonds is to make them a substitute for investing in physical gold Says Mr. Nish Bhatt, Millwood Kane International
The primary aim behind issuing these bonds is to make them a substitute for investing in physical gold Says Mr. Nish Bhatt, Millwood Kane International
Source: Millwood Kane International
20/12/2022 5:24:07 PM
India`s GDP to grow 7% in FY23: Acuite Ratings and Research Credit rating agency Acuite Ratings and Research forecast India's gross domestic product (GDP) growth at 7 per cent in FY23. In a report, Acuite said India's annualised GDP growth in Q2 FY23 expectedly, expanded at a slower pace of 6.3 per cent year-on-year (YoY) as against 13.5 per cent in Q1 FY23, the latter led by the easing of favourable base impact created by the second Covid wave in the previous year. Nevertheless, India's growth impetus driven by domestic demand as ju...
India`s GDP to grow 7% in FY23: Acuite Ratings and Research
India`s GDP to grow 7% in FY23: Acuite Ratings and Research
Source: IANS
19/12/2022 3:37:11 PM
IIP contracted by 4.0% in Oct 2022, led by higher number of holidays; high frequency indicators portend rebound in Nov 2022 HIGHLIGHTS The Index of Industrial Production (IIP) slipped into a year-on-year (YoY) contraction of 4.0% in October 2022 (ICRA’s exp: -1.3%), after having posted a growth of 3.5% in September 2022, mirroring the anaemic performance of exports. Holidays during the festive period led to a broadbased deterioration across all the sub-sectors as well as use-based categories in October 2022, vis-à-vis September 2022. Relative to the preCovid levels of 2019, the IIP reported a modes...
IIP contracted by 4.0% in Oct 2022, led by higher number of holidays; high frequency indicators portend rebound in Nov 2022
IIP contracted by 4.0% in Oct 2022, led by higher number of holidays; high frequency indicators portend rebound in Nov 2022
Source: PR Agency
14/12/2022 9:28:26 AM
Bond yields edge lower on Tuesday Bond yields edged lower on Tuesday after Ministry of Statistics and Programme Implementation in its latest data has showed that industrial production of India, measured in terms of the Index of Industrial Production (IIP), contracted by 4 per cent in October 2022, mainly due to a decline in the manufacturing sector output and subdued growth in mining and power generation. In the global market, U.S. Treasury yields rose on Monday as investors awaited the start of the Federal Reserve’s...
Bond yields edge lower on Tuesday
Bond yields edge lower on Tuesday
Source: Accord Fintech
13/12/2022 2:33:37 PM
On a surprise positive, headline CPI inflation has come at 5.88% in November-22 Says Anita Rangan, Economist, Equirus Below View On CPI data from Anita Rangan – Economist, Equirus   "On a surprise positive, headline CPI inflation has come at 5.88% in Nov-22 vs market expectations of ~6.4%. The key positive is that the inflation number has come in below 6%, 4 months ahead of time. It was widely expected to trend below 6% by March 2023. Along with this the IIP data for Oct-22 has declined at -4% clearly suggesting that the manufacturing sector headwinds from external risks (export sl...
On a surprise positive, headline CPI inflation has come at 5.88% in November-22 Says Anita Rangan, Economist, Equirus
On a surprise positive, headline CPI inflation has come at 5.88% in November-22 Says Anita Rangan, Economist, Equirus
Source: PR Agency
13/12/2022 11:05:08 AM
Unexpected duo data unlikely to change RBI policy in February 2023 By Nikhil Gupta, Motilal Oswal Financial Services Limited Below the perspective on CPI and IIP Data by Mr. Nikhil Gupta, Chief Economist, MOFSL group.   Unexpected duo data unlikely to change RBI policy in Feb'23   -- Today's data were totally unexpected. Headline CPI-inflation was much lower than consensus in Nov'22 though IIP declined sharply in Oct'22.   -- Notably though, the entire positive surprise in CPI was due to food inflation (down to 11-month low of 4.7% YoY), as core i...
Unexpected duo data unlikely to change RBI policy in February 2023 By Nikhil Gupta, Motilal Oswal Financial Services Limited
Unexpected duo data unlikely to change RBI policy in February 2023 By Nikhil Gupta, Motilal Oswal Financial Services Limited
Source: PR Agency
13/12/2022 10:55:23 AM
We should observe the trend of both CPI and IIP over the next few months to get clear signals Says Raghvendra Nath, Ladderup Wealth Management Pvt. Ltd Below is Perspective on IIP & CPI data Announcement By Mr. Raghvendra Nath, Managing Director - Ladderup Wealth Management Private Limited   “While the CPI at 5.88% has beaten market expectations by being lower than forecast, the decline in IIP is a bigger cause for concern as it could indicate poor demand offtake leading to slower GDP growth in the coming quarters. We should observe the trend of both CPI and IIP over the next few months to get cl...
We should observe the trend of both CPI and IIP over the next few months to get clear signals Says Raghvendra Nath, Ladderup Wealth Management Pvt. Ltd
We should observe the trend of both CPI and IIP over the next few months to get clear signals Says Raghvendra Nath, Ladderup Wealth Management Pvt. Ltd
Source: PR Agency
13/12/2022 10:44:00 AM
RBI has managed the growth-inflation conundrum quite remarkably Says Mr. Mohit Ralhan, TIW Capital Perspective on the CPI and IIP Data by Mr Mohit Ralhan, CEO, TIW Capital The easing of CPI inflation to 11 months low of 5.88% is significant along with the fact that the inflation in food and beverages have now declined to 5.07%. It is now below the upper tolerance band of 6%. Although, RBI is likely to look at consistency of inflation remaining below 6%, it may be forced to take a harder look on the economy front given the contraction of 4% in IIP for the month of November. Thi...
RBI has managed the growth-inflation conundrum quite remarkably Says Mr. Mohit Ralhan, TIW Capital
RBI has managed the growth-inflation conundrum quite remarkably Says Mr. Mohit Ralhan, TIW Capital
Source: PR Agency
13/12/2022 9:07:57 AM
A steady and rising industrial output is key to an overall pick-up in economic growth Says Mr. Nish Bhatt, Millwood Kane International Below is Perspective on CPI and IIP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International  November CPI at an 11-month low October IIP near a 26-month low The CPI data print is a pleasant surprise, at 5.88% it has slipped below the RBI's mandated range after 10 months. Dip in food and vegetable prices are the primary reasons for the softness in inflation. The core inflation remains elevated though. The critical thing to watch out for will be t...
A steady and rising industrial output is key to an overall pick-up in economic growth Says Mr. Nish Bhatt, Millwood Kane International
A steady and rising industrial output is key to an overall pick-up in economic growth Says Mr. Nish Bhatt, Millwood Kane International
Source: PR Agency
13/12/2022 8:57:28 AM
Manufacturing sector witnesses 11.8% annual growth rate during 2021-22 Underlining series of measures taken by the Government to improve the economic situation and convert the disruption caused by COVID 19 into an opportunity for growth, the Minister of State for Commerce and Industry, Som Parkash has said that the growth of manufacturing sector was adversely affected due to COVID-19 pandemic, which has shown positive growth in double digits in the Financial Year 2021-2022. The Minister said that the annual growth rate of Manufacturing Sector as per Index of Ind...
Manufacturing sector witnesses 11.8% annual growth rate during 2021-22
Manufacturing sector witnesses 11.8% annual growth rate during 2021-22
Source: Accord Fintech
12/12/2022 2:51:16 PM
Takeaways from RBI`s MPC meeting can be more than repo rate hike Apart from the decision on the repo rate hike by the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things post the discussions. Economic experts expect the MPC to hike the repo rate by 25-35 basis points (bps) with industry lobby body ASSOCHAM also urging the central bank to do the same. Further it will also be interesting to see whether there will be unanimity amongst the members of the MPC on the decisions taken...
Takeaways from RBI`s MPC meeting can be more than repo rate hike
Takeaways from RBI`s MPC meeting can be more than repo rate hike
Source: IANS
5/12/2022 9:57:29 AM
RBI`s Monetary Policy Committee may hike policy rate by 25-35 bps: Experts The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may hike the repo rate between 25-35 basis points (bps) in its upcoming meeting, said experts. "We expect a 35 bps rate hike in the upcoming meeting. The Consumer Price Index (CPI) inflation is likely to moderate further in the coming months and slip below six per cent by the end of the fiscal year," Rajani Sinha, Chief Economist, CARE Ratings told IANS. She also said the Wholesale Price Index (WPI) has also...
RBI`s Monetary Policy Committee may hike policy rate by 25-35 bps: Experts
RBI`s Monetary Policy Committee may hike policy rate by 25-35 bps: Experts
Source: IANS
1/12/2022 2:16:26 PM