Care Ratings: India’s IIP Rebounds To  Eight-Month High In October  
An employees welds the steel reinforcing frame of a precast concrete tunnel segment at the Mumbai Metro Rail Corp. casting yard in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Care Ratings: India’s IIP Rebounds To Eight-Month High In October  


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.

Care Ratings Research Report

In October 2020, the industrial production based on Index of Industrial Production rebounded to an eight-month high and grew by 3.6% YoY as against a contraction by 6.6% in the corresponding month of last year and the 0.2% growth in September 2020.

The industrial output grew despite contraction in eight core sectors by 2.5% in October 2020, which has nearly 40% weightage in IIP and was also against our expectations of a fall by 1.2% in October 2020.

The growth during the month has been supported by favorable base effect which resulted in significant growth registered by the manufacturing and electricity segment.

Click on the attachment to read the full report:

Care Ratings IIP October 2020.pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.