India's IIP growth News

The higher inflation rate is unlikely to push the Reserve Bank of India (RBI) to change its key rate any time soon.

The index of industrial production for August -- due this week -- is poised to extend gains from July's 1.2 percent, said DBS in its daily economic report on Monday.

The factory output growth, measured on the Index of Industrial Production (IIP), for April-May period decelerated to 2.3 percent from 7.3 percent in the same period last fiscal, as per the data released by the Central Statistics Office.

The manufacturing sector, which constitutes over 75 percent of the IIP index, contracted by (-) 0.4 percent in June compared to 7.5 percent growth a year ago. 

India's industrial production grew by 3.1 percent in April due to good performance of electricity, mining and manufacturing sectors, as per data released by Central Statistics Office (CSO).

India's industrial production contracted by 1.2 percent in February due to poor performance of manufacturing sector coupled with decrease in output of capital goods, as per data released by Central Statistics Office (CSO).

Encouraged by good show by manufacturing and capital goods sectors, the India's Industrial Production made a recovery in June.

Dragged by poor manufacturing and mining output, India's industrial production growth slowed to 0.1 percent in March, while retail inflation inched up in April to 5.39 percent, a set of data which may spoil the chances for any immediate rate cut by RBI.

Describing the IIP numbers as "disappointing", Reserve Bank Governor Raghuram Rajan on Saturday said the economy is recovering, but the process of recovery is volatile.

Remaining in the negative zone for the second month, industrial output in December shrank 1.3 percent while retail inflation in January edged up to a 16-month high, prompting the industry to call for urgent policy action in the forthcoming Budget to spur revival.

The manufacturing sector, which accounts for over 75 percent of the index, declined by 2.4 percent against a growth of 4.1 percent in December 2014.

India's industrial output growth contracted by 1.3 percent in December due to poor performance of manufacturing sector.  

Chief Economic Advisor (CEA) Arvind Subramanian further said the IIP number for the year as a whole is still higher than last year's and "broadly, the trend seems to be upwards".  

This is the worst performance since October 2011 when IIP had contracted by 4.7 percent.  

India's annual industrial output contracted in November, its worst performance in more than four years, while retail inflation picked up, complicating the central bank`s task of steering monetary policy at a time of international deflation.

As per data released by the Central Statistics Office (CSO), the manufacturing sector, a key indicator of economic activity, shrinked by 4.4 percent year-on-year in November.

What is even more pleasing is a huge 16.1 percent growth in capital goods, reflecting revival in investment cycle and a robust expansion of 9 percent in electricity generation, which follows solid improvement in coal production.

Indian economy is still not out of the woods as industrial production slackened to a four-month low of 3.6 percent while retail inflation inched up to 5 percent.

Industrial output, measured in terms of the Index of Industrial Production (IIP), was at 4 percent in the April-September period against 2.9 percent in the year-ago period, the data released by the Central Statistics Office (CSO) Thursday showed.

Reviving hopes of economic recovery, industrial production grew at a 5-month high of 3.8 percent in November due to improvement in manufacturing and mining sectors as well as better offtake of capital goods.