December IIP

Manufacturing output contracted 0.1% while mining and electricity grew at 2.6% and 2.8%, respectively

This data will be crucial for the second advance estimates of GDP for 2017-18

Indias factory output growth in Deecember 2017 is projected to come down to 5.5-6 per cent, from a 17-month high of 8.4 per cent in November last year, commercial data provider Dun & Bradstreet (D&B) has said. The D&B Economy Forecast of January notes Index of Industrial Production (IIP) is still expected to clock a good growth in December 2017 due to the low base effect at play, although it is expected to be lower from November 2017. In October 2017, IIP growth was at 2,2 per cent. "A sustained rise in the capital goods segment and a turnaround in the consumer durables segment is warranted for the industrial activity to revive from here on. The government's thrust to revive the investment cycle and rise in optimism levels amongst businesses for increase in demand levels are expected to support industrial growth going ahead," the D&B January 2018 forecast notes. The monthly forceast for January 2018 for 10 year G-Sec yeild is 7.1-7.3 per cent while, actual