Iip Data News Today

Indias Index of Industrial Production (IIP) increased by 5.7% in February, up from 3.8% in January, according to data from the Ministry of Statistics and Programme Implementation (MoSPI). December 2023 saw a 4.2% IIP growth. Power generation rose by 7.5% year-on-year (YoY) in February, compared to 6.9% in January. Mining production grew by 8%, and power output increased by 7.5% in February.

In April-November 2023, Indias industry - as measured by the Index of Industrial Production - grew by 6.4 percent as against 5.6 percent in the first eight months of 2022-23.

This week, domestic investors will be eyeing key events such as the start of Q3FY24 earning season, IIP, and CPI data, along with core inflation, and initial jobless claims in the US that will keep the markets buzzing.

While the year-on-year IIP growth figures for October 2023 are very strong for all sectors, the same can’t be said for month-on-month growth

India Business News: India's industrial production in October reached a 16-month high of 11.7%, marking a significant improvement from last year's contraction. The manufac

September equity inflow near Rs 14,000 crore but debt funds see over Rs 1 lakh crore outflow. Smallcap funds still getting inflows while investors are avoiding largecap funds.

Quick Estimates of IIP for July 2023: 142.0 overall, with 111.9 for Mining, 141.2 for Manufacturing, and 204.0 for Electricity.

Large-cap funds continued to see outflows. The selling in large-cap funds came amid fall in benchmark indices during August.

The overall assets under management (AUM) of open-ended mutual funds rose 4.50 percent to Rs 46.11 trillion in July 2023. The overall AUM had stood at Rs 44.12 trillion at the end of June

In April, industrial growth - as measured by the Index of Industrial Production - had come in at 4.5 percent.