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The statistics ministry will release Consumer Price Index data for September and industrial production data for August on October 12, with the latter expected to have surged to 9.1 percent
According to data released on September 28 by the Reserve Bank of India, India's Current Account Deficit surged to $9.2 billion in the first quarter of 2023-24
IIP: Industrial growth hit a three-month high of 5.7% in July from 3.8% in June. "You can't get a better time for manufacturing than now; festival season is followed by elections, with rabi and marriage season," said Madan Sabnavis, chief economist at Bank of Baroda.
Indias industrial economy is expected to receive a festive bump, growing around 6% year-on-year in the next couple of months with improvement in monsoon rains, softening inflation, and election-related rise in spending adding to the festive sentiment.
Industrial growth hit a three-month high of 5.7% in July from 3.8% in June. "You can't get a better time for manufacturing than now; festival season is followed by elections, with rabi and marriage season," said Madan Sabnavis, chief economist at Bank of Baroda.