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INDIA: Industrial Production Surges in September. 

INDIA
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion
  • Industrial Production in India surged in September by +3.1% YoY.
  • Economists surveyed anticipated a rise of +2.5% following a contraction in August..
  • Manufacturing production continues to be a bright spot for the Indian economy rising +3.9% with electrical equipment the biggest positive contributor at +18.7%
  • India is poised to deliver GDP growth this year in excess of 7%, well ahead of its ASEAN peers.
  • The RBI has been under pressure from markets to cut rates at its last meeting of the year on December 06.
  • The strength of this release will likely give the RBI comfort to remain on hold.  
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  • Industrial Production in India surged in September by +3.1% YoY.
  • Economists surveyed anticipated a rise of +2.5% following a contraction in August..
  • Manufacturing production continues to be a bright spot for the Indian economy rising +3.9% with electrical equipment the biggest positive contributor at +18.7%
  • India is poised to deliver GDP growth this year in excess of 7%, well ahead of its ASEAN peers.
  • The RBI has been under pressure from markets to cut rates at its last meeting of the year on December 06.
  • The strength of this release will likely give the RBI comfort to remain on hold.