The Index of Industrial Production (IIP) FYTD y/y reflects changes in the volume of manufactured goods and in industrial sector activity in the period from the beginning of the fiscal year (April 1) to the report date, compared to the same period a year ago. Production volumes are expressed as the output value.
By comparing similar period data for the current and previous year enables the prediction of the fiscal year results for the country's economy. A higher than expected reading can be seen as positive for INR.