Nomura Analysis: India's Industrial Production Slows to 6.7% in September
What happened
Nomura reported that India's industrial production growth slowed to 6.7% year-on-year in September, down from 7.8% in August. While the overall growth rate was below Nomura's estimate of 7.2%, underlying sequential momentum remained largely stable. Manufacturing growth remained strong at 9%, and intermediate goods expanded by 12.2% and capital goods by 10.4%.
From moneycontrol.com
Why it matters
The report indicates that key sectors like intermediate and capital goods continue to lead growth, suggesting underlying resilience despite the slowdown. The growth was supported by Goods and Services Tax cuts and stronger restocking ahead of the October period.
From moneycontrol.com
Who's involved
- NomuraReleased the analysis on India's industrial production growth.
- Maruti SuzukiCould be affected by strong demand and robust production in the Indian auto market.
- Torrent PharmaceuticalsCould be affected by noted sectoral weakness in pharmaceutical exports.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Maruti SuzukiSpeculative
Maruti Suzuki could see increased revenue due to strong demand and robust production in the Indian auto market.
- Torrent PharmaceuticalsSpeculative
Torrent Pharmaceuticals might face pressure on export revenue due to noted sectoral weakness in pharmaceuticals.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Nomura
corporation in Japan