Discover and read the best of Twitter Threads about #IIP

Most recents (5)

.@INCIndia trolls elated at minus 7.3% GDP growth in FY21,forgetting this was a #Pandemic year,in fact the worst pandemic in 102yrs

Good News in 4Q👇

GDP growth was 1.6% despite consensus of minus 1.4%

GVA growth was 3.7% Vs consensus of 2.6%

Industrial growth was solid 6.9%
In fact,both in Q3&Q4FY21,India reported positive GDP&GVA growth

Industrial growth also was +ve for 2 qtrs in a row at 1.7%&6.9%

Agricultural growth has been a positive 3%+ in every single qtr,in last 4 qtrs

Construction growth has been a massive 6.5%&14.5% in Q3&Q4
#Economy
Some channels conveniently showing how WPI under @narendramodi govt has risen sharply,to 10.49% in April 2021

It is not #WPI but #CPI that matters& #RetailInflation measured by CPI was just 4.2% in April,with food inflation at 2.02%&Vegetable Inflation at minus 14.18%
#Economy
Read 10 tweets
A tweet thread:

The monthly @RBI Bulletin is a veritable treasure trove of economic data, albeit retrospective. The October Bulletin was released on 12 Oct: rbi.org.in/Scripts/BS_Vie…
I look at some economic data that shows how #Coronavirus has ravaged the economy.
The GVA decline in Q1 of 2020-21 (Apr to June 2020) was -22.8% overall but Agriculture actually showed a pos growth of +3.4% compared to the 3.0% a year ago in Q1 2019-20. Manufacturing in Q1 2020 declined -33.8% (a one third) reduction!!) and services fell by a Fifth (-19.2%)
A little known economic indicator is Gross fixed capital formation (GFCF). This declined in the April-Jun quarter, wait for it, by nearly HALF, - 47.1%. What is this GFCF? Think of it as investment in the future. Image
Read 10 tweets
#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM

Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals

Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown

With INR@73.11/$ level,threat of imported inflation is minimal

#CoreInflation at sub 6%,bodes well
#economy
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables

After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪

#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
Read 5 tweets
I got a few messages regarding the IIP Data. I have created a thread which answers all your queries.

IIP or index of industrial production is an index that indicates the trend in industrial production or rise industrial or manufacturing activity.
It is expressed in the form of an index number. This measures the short-term variations in the production volume of a basket of industrial goods during a particular time period with reference to a base time period.
IIP is compiled and published on a monthly basis by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation.
It is published with a lag period of 6 weeks from the end of the Reference Month.
Read 10 tweets
March Index of industrial production (IIP) comes at -0.1%
#BreakingNews
March #IIP contracts at -0.1% against 0.1% month-on-month
March #IIP data | Mining growth at 0.8% against 2% (MoM)
Read 11 tweets

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