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 Services Growth Strengthens In October
India's services activity growth recovered from September's ten-month low on sharper expansion in output and new business, final data from S&P Global showed on Wednesday. The HSBC final services Purchasing Managers' Index registered 58.5 in October, up from 57.7 in September. The flash score was 57.9. New business growth accelerated from a ten-month low seen in September.
RTTNews | 15 days ago
India Manufacturing Activity Growth Gains Momentum
India's manufacturing sector growth accelerated in October as rising new orders lifted production and confidence, data compiled by S&P Global showed on Monday. The HSBC final manufacturing Purchasing Managers' Index rose to 57.5 in October from an eight-month low of 56.5 in September. The flash reading was 57.4. A score above 50.0 indicates expansion.
RTTNews | 17 days ago
India Central Bank Policy Stance Shift To Neutral Opens Door For Rate Cuts
The Reserve Bank of India maintained its interest rate for the tenth straight meeting on Wednesday, and shifted its monetary policy stance to neutral, paving the way for the first interest rate cut in four years as inflation is expected to moderate. The RBI Monetary Policy Committee, led by Governor Shaktikanta Das, voted 5-1 to keep the policy repo rate unchanged at 6.50 percent.
RTTNews | 43 days ago
