India s industrial production growth slowed to 3.8 per cent in January, while the February retail inflation at 5.09 per cent remained within the Reserve Bank s comfort zone for the sixth straight month, according to the latest government data.
Growth in factory output, based on the Index of Industrial Production (IIP), slowed to 3.8 per cent in January 2024, mainly due to poor performance of manufacturing, mining and power sectors, according to the data released by the Ministry of Statistics & Programme Implementation.
India s retail inflation slightly dropped to 5.09% in February compared to 5.10% in the previous month, according to data released by the Ministry of Statistics & Programme Implementation. This is in line with the expectations of economists polled by Reuters, who predicted a decrease to 5.02%.
The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side
India s retail inflation slightly dropped to 5.09% in February compared to 5.10% in the previous month, according to data released by the Ministry of Statistics & Programme Implementation. This is in line with the expectations of economists polled by Reuters, who predicted a decrease to 5.02%.