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Data▲ Bullish for Indian equities
IIP growth comes in at 8% in August compared with 6.7% in July
The brief
- IIP growth was 8% in August, up from 6.7% in July
- Manufacturing grew at 8% or more for three consecutive months
- Stronger industrial output supports Indian manufacturers and companies supplying factories
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- Weekly policy watch: Goyal-Greer meet, IIP, PMI and forex data in focus
- KKR-backed PMI Electro Mobility confidentially files for IPO
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India’s industrial output growth in August
India’s industrial output grew 8% in August, up from 6.7% in July. Reports put manufacturing growth at 8% or more for three consecutive months, with the latest citing 9%.
Monday, 28 September
- IIP growth comes in at 8% in August compared with 6.7% in July