IIP Jan 2023
The growth of Index of Industrial Production (IIP) growth accelerated to 5.2% YoY in
Jan 2023 compared with rise of 2% in the same period of the previous year and 4.7%
in the previous month. For the period from Apr to Jan of FY23, IIP growth slowed
considerably to 5.4% from a rise of 13.7% in the same period of the previous fiscal.
Money Trends January 2023
Domestic equity markets fell earlier during the month after U.S. Federal
Reserve’s meeting minutes for Dec 2022 indicated that the U.S. Federal
Reserve will continue to raise interest rates to contain inflation.
Domestic equity markets rose initially during the month under review as
market participants gave thumbs up to the Union Budget 2023. The
government in the Union Budget increased its outlay on capital expenditure,
Monetary Policy Review
The Monetary Policy Committee (MPC) in its bi-monthly monetary policy
review raised key policy repo rate by 25 bps to 6.50% with immediate
effect. This was the sixth consecutive rate hike by the MPC in this fiscal.
Four out of six members voted to increase the policy repo rate by 25 bps.
CPI INFLATION UPDATE DECEMBER 2022
Consumer Price Index based inflation touched twelve month low in December
Domestic equity markets fell initially during the month under review after the
Reserve Bank of India led Monetary Policy Committee (MPC) raised key
policy repo rate by 35 bps and downgraded the growth projections of the
Indian economy for the current fiscal to 6.8% from the earlier projection of 7%
in its monetary policy review.
Our monthly newsletters from the Growthfiniti Desk, Key Domestic & Global Market Highlights…
My Money, My Plan
Thinking is Tough. How many decisions would you guess that you make in a given day? Take a second mentally, walk through your day & hazard a guess.
Industrial Production Update
Government data showed that the growth of Index of Industrial Production (IIP) contracted 4.0% YoY in Oct 2022 compared with a growth of 3.47% in the previous month and 4.2% rise in the same period of the previous year….
Monetary Policy Statement
The Monetary Policy Committee (MPC) in its bi-monthly monetary policy review raised key policy repo rate by 35 bps to 6.25% with immediate effect…
Your relationship with money can shape your financial destiny for the good or the bad..
I am a brain, Watson.
“I am a brain, Watson. The rest of me is a mere appendage”-Sir Arthur Conan Doyle.
Currently, some of the discussion points out in the industry out there revolve around “Quality vs Value stocks”…