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12 September 2017
 |
| India's industrial output (The Total Investment & Insurance Solutions) |
India's
industrial output expanded by 1.2 percent in July from a year earlier due to
good performance of mining and electricity, government data showed on Tuesday. The Total Investment & Insurance
Solutions
The index of industrial production (IIP)
growth was 4.5 percent in July 2016.
The factory output growth, measured on the
Index of Industrial Production (IIP), for April-July period accelerated to 1.7
percent from 6.5 percent in the same period last fiscal, as per the data
released by the Central Statistics Office.
Manufacturing
sector, which constitutes over 77 percent of the index, showed a growth of 0.1
percent in July as compared to a growth of 5.3 percent in the same month last
year. The Total Investment &
Insurance Solutions
The output of mining and electricity sectors
during the month accelerated to 4.8 percent and 6.5 percent from 0.9 percent
and 2.1 percent respectively in June last year. The Total Investment & Insurance Solutions
Capital goods output, which is the barometer
of investment, declined by 1 percent from a growth of 8.8 percent a year ago.
Meanwhile, retail inflation rose to a five-
month high of 3.36 percent in August due to costlier vegetables and fruits. The
consumer price index (CPI) based inflation stood at 2.36 percent in the
previous month.
The August inflation number is the highest
since March 2017, when it was recorded at 3.89 percent.The Total Investment & Insurance Solutions
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