Industrial production growth slows to 4.3% in July
Commodity Online | September 13 2019
UPDATED 10:06:25 IST

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India's industrial production growth slipped to 4.3% in July, mainly on account of poor show by the manufacturing sector, according to official data.

Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 6.5% in July 2018.

A slowdown was witnessed in the manufacturing sector, which grew at 4.2% in July as compared to 7% a year ago.

The power generation sector grew at 4.8% in July, compared to 6.6% a year ago earlier. Mining growth was 4.9% in July as against 3.4% in the corresponding month of the last fiscal.

Retail inflation inched up marginally to 3.21% in August from 3.15% in July, mainly due to costlier food items. However, inflation number still remains within the Reserve Bank's comfort level.

The rate of price rise in the food basket was 2.99% in August, up from 2.36% in the previous month, as per the Consumer Price Index (CPI) data released by the Ministry of Statistics & Programme Implementation.

The CPI-based inflation was 3.69% in August 2018. The RBI, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has been asked by the government to keep inflation at around 4%.

 



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