Indicus Analytics - Sumita Kale, chief economist    12.90

 

Source: TickerPlant News service

 

TPN POLL/IIP: TickerPlant Economists Forecast Dec industry output up 12%

 

   MUMBAI, FEB 9: TickerPlant News presents forecast of growth of India's Index of Industrial Production in December.

 

   * IIP projections median: up 12.00%; average: up 12.17%.

   * Month earlier, provisionally up 11.7%; year ago, down 0.2%.

   * Economists of 16 banks or financial services firms polled (see below).

   * Projections range between up 10.50% and up 14.00%.

 

   Central Statistical Organisation will detail IIP for December on Thursday.

 

Comment by economist: 

RUPA REGE NITSURE, chief economist, Bank of Baroda

   "My IIP estimate for December is 12.8% (year-on-year) partly on account of improved growth momentum and partly due to lower statistical base."

 

   Economists/organisations polled and projections for year-on-year change, in percent, on India's Index of Industrial Production in December.

 

    Organisation/Economist                                            Forecast

1.  Anand Rathi Securities/Sujan Hajra, chief economist               11.20

2.  Axis Bank/Saugata Bhattacharya, sr VP (business & econ research)  12.00

3.  Bank of Baroda/Rupa Rege Nitsure, chief economist                 12.80

4.  Citigroup/Rohini Malkani, economist                               12.00

5.  Crisil/D.K. Joshi, principal economist                            12.00

6.  DBS Bank/Ramya Suryanarayanan, economist                          12.70

7.  Dun & Bradstreet India/Yashika Singh, head, economic analysis     10.50

8.  HDFC Bank/Jyotinder Kaur, economist                               12.00

9.  HSBC Global Research/Robert Prior-Wandesforde, sr Asian economist 13.70

10. ICRA/Aditi Nayar, economist                                       11.00

11  IDBI Gilts/Namrata Padhye, economist                              11.60

12. Indicus Analytics/Sumita Kale, chief economist                    12.90

13. ING Vysya Bank/Deepali Bhargava, economist                        11.00

14. MF Global India/Anjali Verma, economist                           12.10

15. Nomura Financial/Sonal Varma, chief economist                     14.00

16. Standard Chartered Bank/Anubhuti Sahay, economist                 13.20

 

See TPN story for economists' forecast of Index of Industrial Production (IIP) for this financial year end. Story title: TPN ECONOMY GAUGE: India FY10 Index of Industrial Production Forecasts

 

NOTE: TickerPlant News has made every effort to ensure that estimates compiled from independent sources are the latest. TickerPlant News shall not be liable for any errors, inaccuracies, or for any actions taken in reliance thereon. 

 

Poll conducted by Sambhaji Shelar, TickerPlant News  (End)

 

Thanks & Best Regards,

 

Vineet Kumar Gupta

Tickerplant  Ltd. 

(An FT Group Company)         

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