
June retail inflation surges to 4.81% on high food prices
With June inflation numbers out, the first quarter average retail inflation for 2023-24 stands at 4.6%, in line with RBI’s estimates
With June inflation numbers out, the first quarter average retail inflation for 2023-24 stands at 4.6%, in line with RBI’s estimates
Index of Industrial Production (IIP) grew 1.1% in March.
CPI-based headline inflation falls to a one-year low; remains below the RBI’s upper threshold of 6% for the 2nd month in a row.
Retail inflation rose in both rural and urban areas. India's factory output saw a contraction of 0.8% in August 2022.
The manufacturing sector grew 3.2% in July, power generation rose 2.3%, while mining output contracted 3.3% during the month under review, the NSO data showed.
Except crude oil and natural gas, all other six industries recorded an expansion in July 2022.
The quick estimates for the index of industrial output stood at 135.1 for April 2022, compared to 126.1 seen during the corresponding month of last year.
The disconnect is stark because industrial production and capacity utilisation continue to be low for several years, indicating a structural economic slowdown.
India to be one of the fastest-growing economies, will facilitate as much needed, says finance minister Nirmala Sitharaman.
The Covid-19 data and uncertainties continue to scare the bulls as benchmark indices close in red after gaining nearly 4% in early trade.