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IIP contracts 3.6% in February; retail inflation rises to 5.52% in March

The IIP had grown by 5.2% in February 2020 ....

National Statistical Office , Industrial Production , Reserve Bank , Breaking News , தேசிய புள்ளிவிவர அலுவலகம் , தொழில்துறை ப்ரொடக்ஶந் , இருப்பு வங்கி , உடைத்தல் செய்தி ,

Industry output contracts 3.6% in February- Business News

Industry output contracts 3.6% in February
Mining and manufacturing output declined 5.5 per cent and 3.3 per cent, respectively, in February, while power generation grew 0.1 per cent.
BusinessToday.In | April 12, 2021 | Updated 18:27 IST
Cumulatively, IIP contracted 11.3 per cent during April-February 2020-21 as against a 1 per cent growth during the same period in 2019-20.
India s industrial output, measured by the Index of Industrial Production (IIP), contracted 3.6 per cent in February, with mining and manufacturing registering a decline, while electricity output increased marginally.
Mining and manufacturing output declined 5.5 per cent and 3.3 per cent, respectively, in February, while power generation grew 0.1 per cent.
For the month of February 2021, the quick estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 129.4. The indices of industrial production for the mining, manufacturing and electricity sectors for the month ....

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Retail inflation rises to 5.52% in March; IIP contracts 3.6% in Feb

Updated Apr 12, 2021 | 17:54 IST
India’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a contraction of (-)3.6 per cent in the month of February
Retail inflation rises to 5.52% in March; IIP contracts 3.6% in Feb
New Delhi: India’s retail inflation, measured by the Consumer Price Index (CPI), rose to 5.52 per cent in the month of March. The retail inflation during the month of February was at 5.03 per cent. Note that this is the fourth consecutive month that the CPI data has come within the Reserve Bank of India’s (RBI) upper margin of 6 per cent. ....

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India on high growth path in March: SBI Research

India on high growth path in March: SBI Research
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The index touched a 70-month high of 55.9, in the range indicating high growth, after recording 55.2 for the previous month, said a report released on Thursday.
Agencies
While credit growth had declined to 5.1% in September last year on account of the initial pandemic-related restrictions on movement, credit offtake picked up to 6.6% in February this year, it said.
The Indian economy was on the path of high growth in March, a year on since the government imposed a nationwide lockdown to contain Covid-19, according to the State Bank of India (SBI) Research’s yearly SBI Composite Index. ....

State Bank , Industrial Production , Nationwide Lockdown , Eight Core Sector Industries , Sbi Research , Economic Times , Credit Growth , நிலை வங்கி , தொழில்துறை ப்ரொடக்ஶந் , நாடு முழுவதும் முடக்குதல் , எட்டு கோர் துறை தொழில்கள் , ஸ்பி ஆராய்ச்சி , பொருளாதார முறை , கடன் வளர்ச்சி ,

India's retail inflation rises to 5.03% in Feb; January IIP contracts 1.6%

India s retail inflation rose to 5.03 per cent in February, mainly on account of higher food prices, according to the government data released on Friday. The consumer price index (CPI)-based inflation was 4.06 per cent in January 2021 and was 6.58 per cent in February 2020.
Food inflation rose steeply to 3.87 per cent in February, compared to 1.89 per cent in the previous month.
The core inflation, which measures growth in the consumer price index after removing the food and fuel components stood at 5.8 per cent as against 5.7 per cent in the previous month.
Meanwhile, the Index of Industrial Production (IIP) contracted 1.6 per cent for January 2021, according to the data released by the Ministry of Statistics and Programme Implementation (MoSPI). ....

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