India Industrial Production YoY
Industrial production in India calculates the output of enterprises that are incorporated into the industrial sector of the economy. The most important sector within 78% of the overall production is the manufacturing industry. The most important categories in the manufacturing sector are: basic metals (13% of total production), coke and refined petroleum products (12%), chemicals and chemical products (8%), food products (5%), pharmaceuticals, medicinal chemicals, and botanical products (5%), motor vehicles, trailers, and semi-trailers (5%), machinery and equipment n.e.c. (5%), other non-metallic mineral products (5%), and textiles, electrical equipment, and fabricated metal products (3% each). In terms of total output, mining contributes 14%, while electricity accounts for 8%.
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
News (INR)
India Private Sector Growth Strongest In 4 Months
India's private sector grew the most in four months in December as there were quicker increases in output at both manufacturers and service providers, flash data compiled by S&P Global showed on Monday. The HSBC composite output index registered 60.7 in December, up from 58.6 in November. A score above 50.0 indicates expansion.
RTTNews | 6 days ago
India Names Sanjay Malhotra As New RBI Governor
The Indian government on Monday named a top bureaucrat Sanjay Malhotra as the new governor of the Reserve Bank of India. Malhotra, who is currently the revenue secretary in the Ministry of Finance, will take charge from December 11 for a period of three years. He will succeed Shaktikanta Das who has held the post since 2018.
RTTNews | 12 days ago
India Keeps Rates Unchanged, Lowers CRR To Boost Liquidity
The Reserve Bank of India left its key policy rates unchanged for the eleventh straight session and maintained a neutral stance, but its move to cut the cash reserve ratio by 50 basis points to infuse liquidity signaled that policymakers are more concerned about the growth outlook than inflation. RBI Governor said the committee voted 4-2 to maintain the policy repo rate at 6.50 percent.
RTTNews | 16 days ago
