India IIP - Industrial Output Growth Displayed Lower-Than Expected Pickup In March: ICRA

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICRA Research Report.The pace of YoY growth of the Index of Industrial Production improved, albeit to a lower-than-expected 1.9% in March 2022 (our expectation: up 3.25%) from 1.5% in February 2022. While the pace of YoY growth of manufacturing and electricity improved in March 2022 relative to the previous month, mining growth eased to 4.0%. Notwithstanding some improvement relative to the previous month, consumer durables and non-durables continued to report an unnerving YoY contraction in March 2022, underscoring the fragile nature of consumption demand amid the commodity price-inflicted price increases being undertaken by producers. Moreover, the growth in capital goods output remained subdued, raising doubts about the pick-up in investment activity in Q4 FY22. With a high YoY expansion in coal, electricity, coal and non-oil exports on the back of a low base related to the second wave of Covid-19 in India, we expect the IIP to report a double-digit expansion in April 2022..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India IIP - Industrial Output Growth Displayed Lower-Than Expected Pickup In March: ICRA

India IIP - Industrial Output Growth Displayed Lower-Than Expected Pickup In March: ICRA

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