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The critics, the ministry said, should have looked at other data like purchasing managers' indices, bank credit growth, increase in capital expenditure and consumption pattern to assess the growth.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) has released All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Comb
Retail inflation in India moderated to 6.83 per cent in August, offering relief to the Reserve Bank of India (RBI) and bond investors. However, experts remain cautious due to factors such as rising crude oil prices, poor monsoon, and risks to food inflation beyond vegetables.
India's industrial output in July 2023 increased by 5.7%, up from 3.7% in June 2023, according to data from the Ministry of Statistics and Programme Implementation. The mining output for July 2023 rose to 10.7% compared to the previous year, while the manufacturing sector output grew by 4.6%. Electricity output also registered a growth of 8%.