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July 12, 2023
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India industrial production 5.2% y-o-y (consensus 4.8) in May-23

- India's industrial production surged by 5.2% year-on-year in May-23, exceeding market expectations of 4.8% and marking the highest growth since February 2023.
- The May-23 industrial production figures outperformed the short-term and long-term averages, surpassing the one-year average by 1.14 percentage points and the long-run average by 2.38 percentage points, respectively. This indicates a strong recovery and sustained expansion in the Indian industrial sector.

July 12, 2023
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India CPI inflation 4.81% y-o-y in Jun-23


- India's CPI inflation rate stood at 4.81% in June 2023, marking the highest growth since March 2023.
- The current inflation rate is 1.18 percentage points below the one-year average and 2.49 percentage points below the long-run average.

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