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 Trims Fiscal Deficit Target, Rupee Hits Record Low On Capital Gains Tax Hike
Sticking to the commitment of fiscal consolidation, India's Finance Minister Nirmala Sitharaman unveiled a budget that aims to provide impetus to job creation, start-ups and small enterprises, while proposals for raising the tax rates on capital gains damped market sentiment and send the rupee to a record low. The government lowered the fiscal deficit target to 4.9 percent of GDP.
RTTNews | 3 days ago
India Holds Key Interest Rates As Expected; Raises Growth Outlook
India's central bank kept its key interest rates unchanged for the eighth straight session on Thursday and pledged to maintain the disinflationary stance until inflation aligns with the target on a durable basis amid faster economic growth. The Monetary Policy Committee of the Reserve Bank of India led by Governor Shaktikanta Das, voted 4-2 to keep the policy repo rate at 6.50 percent.
RTTNews | 49 days ago
India GDP Growth Climbs To 8.4% In December Qtr
India's economic growth improved strongly to 8.4 percent year-on-year in the December quarter from 7.6 percent in the previous three months, preliminary estimates from the statistics ministry showed Thursday. Economists had forecast the growth rate to slow to 6.6 percent.
RTTNews | 148 days ago
