IIP

IIP came in at 7.1% on a low base vs expectation of 2.6%. But CPI was way below estimates thus its anticipated that Inflation is cooling off globally as Gas prices in Europe has also corrected sharply below the Russia Invasion levels. So overall Interest rates raise might top out here. Feb Hike by U.S might not be steep & RBI too may not hike Interest rates. Recession in U.S is not expected to be sharp & Europe is returning to normalcy as per the IT results so far. The Auto sector is also gung ho over the demand & the orderbook barring Europe. $Tata Motors Ltd. expects to be a one stop shop for #electricvehicle Thus we may soon see mkts behaving rationally, however any tweak in direct taxes in budget on the upside may however lead the mkts to correction. Thus #budget in Feb will be the key to watch out for. However we believe long term Infra & logistics growth with digitalisation & ease of doing business & make in India to make India be a 10 trillion dollar Economy. Check out our Finance Minister & Prime minister roadmap for India's growth with facts & figures. India has received record breaking FDI & China+1 & Europe +1 is helping India greatly.