Skip to content
Timeline
IIPJUL 12, 2022

Industrial Production Growth at 12.30%

IIP for May 2022

7.3σ
NIFTY 50-1.54%vs T-60 baseline
USD / INR+0.18%vs T-60 baseline
INDIA VIX+0.82%vs T-60 baseline
Gilt Fund (10Y proxy)+18.95%vs T-60 baseline
Cross-Asset Reaction Window

The 10-year sovereign is shown as a gilt-fund proxy, whose value moves inversely to yields. Older events use daily closes, so the intraday windows then coincide with the daily close.

Surprise Analysis
Surprise Deviationvs consensus, σ-scaled
0.0σ

Actual Print12.30%
Consensus19.60%

Macroeconomic Assessment

Major IIP surprise of -7.3σ — contraction in activity.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--0.97%-0.97%-1.54%
USD / INRUSDINR · 1d-+0.18%+0.18%+0.18%
India VIXVIX · 1d-+0.98%+0.98%+0.82%
Gilt Fund (10Y proxy)GSEC · 1d-+8.19%+8.19%+18.95%