BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
India’s retail inflation eased to four-month low of 5.3% YoY in August 2021, down from 5.6% in the preceding month and 6.7% in August 2020.
With this print, retail inflation in the first two months of Q2 FY22 stands at 5.4%, lower than Monetary Policy Committee’s forecast of 5.9% and Professional Forecasters’ Survey estimate of 5.7%.
Average inflation in the first five months of FY22 now stands at 5.5%.
Food inflation also fell to four-month low of 3.8% YoY in Aug 2021, down from 4.5% in the preceding month and 8.3% in August 2020.
Index of Industrial Production grew 11.5% YoY in July 2021 on low base. In July 2020, IIP had contracted 10.5%.
All subcomponents i.e. mining (19.5%), manufacturing (10.5%) and electricity (11.1%) posted strong growth during July 2021 driven by low base.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR