India Manufacturing Production YoY
Manufacturing production in India assesses the output of businesses that are operating in the manufacturing industry. 78% of overall industrial output is accounted for by the manufacturing sector in the country. most significant segments within manufacturing are: basic metals (13% of overall production), coke and refined petroleum products (accounting for 12%), chemicals and chemical products (accounting for 8%), foodstuffs (accounting for 5%), pharmaceuticals, medicinal chemicals, and botanical products (accounting for 5%), motor vehicles, trailers, and semi-trailers (accounting for 5%), machinery and equipment n.e.c. (accounting for 5%), other non-metallic mineral products (accounting for 4%), and textiles, electronic equipment, and fabricated metal products (accounting for 3%).
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 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 | 71 days ago
India Inflation Softens On Cooling Food Costs
India consumer price inflation softened to a three-month low in January on moderating food price growth, data from the Ministry of Statistics and Programme Implementation showed Monday. The consumer price index posted an annual growth of 5.10 percent, weaker than the 5.69 percent increase in December, which was the fastest in four months.
RTTNews | 88 days ago
India Central Bank Maintains Policy Stance
The Reserve Bank of India decided to leave its benchmark interest rates unchanged for the sixth straight session on Thursday as inflation tends to remain in the upper band of the target range. The Monetary Policy Committee of the RBI, led by Governor Shaktikanta Das, voted 5-1 to hold the repo rate at 6.50 percent.
RTTNews | 92 days ago
