The Index of Industrial Production (IIP) data for Jun is at 8.22%, with Mining slowing down and Manufacturing picking up the slack at 10%.
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On a use based level, there has been a ridiculous 37% growth in Capital goods, but Consumer durables and non-durables dipped.
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While you might think that this shows RBI’s tightening is working, please note that our IIP data is totally unreliable. They will just revise this data a month later and you will have egg on the face.
But the graphs look cool. So they’re on.